Pinheiro Neto advises on $47m private education M&A

Pinheiro Neto has advised higher education provider Centro Nacional de Ensino Superior (Cenesup), a subsidiary of Ser Educacional, on its acquisition of 100 per cent of the equity of Sociedade de Desenvolvimento Cultural do Amazonas (Sodecam), a market leader in the private education sector in northern Brazil. 



Sodecam, which was owned by Rede Internacional de Universidades Laureate Ltda., also known as Group Laureate, has around 25,000 students enrolled on its higher education courses.

The deal’s value was 194.8 million reais ($46.7 million), from which a net debt of 9.81 million reais ($2.3 million) will be deducted.



Pinheiro Neto’s team was led by partner Joamir Müller Romiti Alves (pictured), with associate Élcio Aulicinio Borges.