Anima Adjusts IPO

Anima Educacao has added new information to its IPO prospectus and added a deadline date for potential investors to call off their bids for the deal targeting more than BRL500m ($229m), it says. The move follows Grupo Ser’s IPO being suspended Friday after Brazilian regulators deemed it had provided incomplete information in its prospectus. Ser, an issuer in the same Brazilian for-profit education sector, priced below the range Friday, and would complete the raising of BRL620m once it corrects the matter. Anima plans to price Thursday 21.1m primary shares and 4.1m secondary shares at BRL16.50-BRL22.00 each, meaning a BRL543m size at the midpoint if a 15% greenshoe is included. Secondary shares are being sold by a private equity fund linked to BR Investimentos, which bought into the company last year and holds a 30.5% stake. Anima is raising funds to expand organically and through acquisitions. Bank of America Merrill Lynch, HSBC and Itau are managing the sale.