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Eleva schools are bought by a British group – 05/07/2022 – Mercado

The English education group Inspired announced this Friday (6) the purchase of the global division of Eleva Educação, considered one of the largest in the world in basic education. Nine schools were sold, with around 7,000 students enrolled, of which 7 are full-time bilinguals with monthly fees in the range of R$6,000.

Eleva Educação belongs to resource manager Gera Capital, which has businessman Jorge Paulo Lemann as one of the largest shareholders, bringing together a total of 27 schools in 17 states and the Federal District.

The British acquired the premium segment of the Brazilian network, which includes the Eleva school, with units in Rio de Janeiro, Brasília and Recife, the Leonardo da Vinci Educational Center, in Espírito Santo, the Gurilândia and Land School, in Bahia, and the children’s school Os Batutinhas, in Rio de Janeiro.

According to a statement published on the British group’s website this Friday (6), the network will be renamed.

In the same statement, Nadim Nsouli, CEO of Inspired, stated that the expansion of business in Brazil is something pursued for some years. The company is also involved in the segment of innovations aimed at teaching, developing solutions to meet the needs of the private school market.

In February of last year, Eleva Educação closed the purchase of Cogna, another private education giant, in a multi-million-dollar deal that involved the purchase of 51 schools from Saber, a basic education brand, for R$964 million.

In the transaction, the Eleva group purchased Colégio pH, Centro Educacional Leonardo da Vinci, Colégio Lato Sensu, Sigma, Anglo 21, Anglo Alphaville, CEI (Natal), Colégio Integrado, Escola Santi, Colégio Visão, Colégio Pitágoras, Centro Integrado de Teaching (CIE), Colégio Maxi, NeoDNA, Escola Chave do Saber, Motivo and Colégio do Salvador. The group also took over the operations of Embraer schools.

With the repositioning in the Brazilian market, Eleva Educação’s intention, as announced by the group’s executives, is to get back to preparing for the launch of shares on the Brazilian stock exchange, which they hope will happen by 2023.

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