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Allen & Overy advises Laureate on sale of Universities in Spain and Portugal to the Permira Funds

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Parr Jeremy
Jeremy Parr

Partner

London

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Ford Jim
Jim Ford

Partner

London

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13 December 2018

13 December 2018

LONDON – A&O has advised Laureate Education, Inc., the world’s largest global network of higher education institutions, on its agreement with a company backed by the Permira funds to sell its institutions in Spain and Portugal in a deal with a value of  EUR770 million, subject to customary adjustments at closing. 

The institutions included in the agreement are Universidad Europea de Madrid, Universidad Europea de Valencia, Universidad Europea de Canarias, Universidade Europeia in Portugal and Instituto Português de Administração de Marketing in Portugal. 
 
The A&O team was led by Corporate partner Jeremy Parr and Corporate counsel Gareth Irving, with partner Jim Ford and associates Ban-Ya Yim and Has Bharj .  Tax advice was provided by partner Lydia Challen and associate Sorsha Reilly. 
 
The deal is expected to close in the first half of 2019, subject to regulatory approvals. 
 
Commenting on the transaction, Jeremy Parr said, “It was a pleasure to work alongside Laureate’s legal team again, following our advice to them on their successful disposals of institutions in Italy, Germany and Cyprus earlier in the year.”

For further information, please contact Elizabeth Randall on +44 (0)20 3088 2989. 
 
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