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Education · Sell-Side · 2021

Ser Educacional (SEER3) acquired UNESC-RO.

JK Capital acted as exclusive financial advisor to UNESC-RO.

Deal sheet

Sector
Education
Mandate
Sell-Side
Year
2021
Country
Brazil

Ser Educacional (SEER3) acquired UNESC-RO.

JK Capital acted as exclusive financial advisor to UNESC-RO.

About the deal

About UNESC-RO

UNESC (Sociedade Educacional de Rondônia), founded in 1985, maintains four faculties in Porto Velho, Vilhena, Cacoal and Ji-Paraná, with 2,900 on-campus students, 35 courses on three campuses, 60 annual medical-school seats in Vilhena and a base in health and law.

About Ser Educacional (SEER3)

Ser Educacional (SEER3), from Recife, is one of the largest private education groups in the country and a leader in the North and Northeast, owner of Uninassau.

Transaction rationale

This acquisition marks Ser's entry into Rondônia with a medical asset. The payment is R$70 million in cash and R$50 million in four annual installments by the IPCA, with an earn-out of up to R$55 million if the MEC authorizes 50 additional medical-school seats in Vilhena within three years.

Transaction value

R$120 million, and can reach a total consideration of up to R$175 million with earn-out.

View sector: Education

Some operations conducted by JK Capital are not disclosed due to buyer and/or seller strategy.