Permira buys five Iberian universities for €770m

The universities included in the deal are Universidad Europea de Madrid (UEM), Universidad Europea de Valencia (UEV), Universidad Europea de Canarias (UEC), Universidade Europeia in Portugal, and Instituto Português de Administração de Marketing (IPAM).

Unquote understands that the GP deployed capital from its Permira VI fund, which closed in January 2017 on €7.5bn, surpassing its initial target of €6.5bn.

The private equity firm recently held a €1.3bn first close for its Permira Growth Opportunities I vehicle, which has a target of €2bn and invests in high-growth technology businesses.

Company
Universidad Europea de Madrid (UEM), Universidad Europea de Valencia (UEV), Universidad Europea de Canarias (UEC), Universidade Europeia in Portugal, and Instituto Português de Administração de Marketing (IPAM) offer undergraduate and graduate degrees, courses, and international education opportunities.

Established in 1995 and based in Madrid, UEM offers bilingual degrees and advanced career and technical education courses.

UEV was founded in 2012 in Valencia and offers undergraduate and graduate degrees in a wide range of fields including architecture, business, communication, health sciences and law.

UEC, based in La Orotava, Tenerife, is the first private university in the Canary Islands.

Universidad Europeia, located in Lisbon, offers three-year undergraduate and post-graduate degrees, while IPAM, founded in 1984, has an innovative pedagogical model that combines classroom activities, technology programs and marketing courses for its students.

People
Laureate Education - Eilif Serck-Hanssen (CEO).

Advisers
Acquirer – Barclays (corporate finance); Linklaters (legal).
Vendor - Goldman Sachs (corporate finance); Allen & Overy (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Southern Europe
• Consumer
• Permira
• Spain
• Portugal