Fundo de Educacao para o Brasil

completed

The Fundo de Educação para o Brasil (the Fund or FEBR) was structured by Banco Patria, one of Brazil’s leading private equity firms, as an investment vehicle focused on the post-secondary education segment in Brazil. FEBR has one single asset, a controlling stake in Anhanguera Educacional S.A. (AES). The Fund will channel its investments in the sector through AES.AES is a private, for profit, São Paulo based, post-secondary education company with 10 campuses and average enrollment of 16,800 students in 2005. AES focuses on offering good quality, affordable education to lower-income students in Brazil.IFC’s investment of up to $16 million will be used to fund part of AES’ expansion strategy, centered on building new campuses in small to medium sized cities in the state of São Paulo and other regions in the Brazilian Southeast – the country’s most prosperous – over a 3 year implementation period.