Kroton Unveils Voluminous M&A

Brazilian educational company Kroton is days away from clinching the purchase of 4 schools in the Amazonian Brazilian states of Rondonia and Acre. A company spokesman says a Valor report suggesting the deal is worth BRL600m gives a reasonable idea of the transaction’s scale. He declines to provide a precise number. Itau BBA is advising Kroton on the deal. Kroton has until March 2010 to close the deal, which would substantially boost its size to include 100,000 post secondary students, up from 46,000 in Q3. It would also have 230,000 primary and secondary students.