Pearson Pays $720M For Brazilian English-Teaching Firm

Law360, New York (December 3, 2013, 6:30 PM EST) -- British publishing giant Pearson PLC will buy Gupo Multi, a Brazilian English-language training company with more than 800,000 students for about $720 million, the teaching company announced Tuesday.

As part of the deal, Pearson will acquire 100 percent of Grupo Multi by paying £440 million ($722 million) in cash and assuming £65 million in debt. Grupo Multi is the largest provider of private language schools in Brazil, with more than 2,600 franchised schools.

Brazil’s market for English learning is one of the largest in the world,...
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