GP Sells Down Estacio Holding

Brazil’s GP Investimentos has raised BRL399m ($181m) from a block trade sale of shares in for-profit educator Estacio, according to people familiar with the matter. The private equity shop sold 22.7m shares at BRL17.61 each, representing a 2.2% discount to Wednesday’s closing price. The shares closed at BRL17.30 Thursday. Credit Suisse managed the transaction.