14 August 2014
14 August 2014, São Paulo, Brazil – GIC, Singapore’s sovereign wealth fund, announces that it has acquired an 18.5% equity stake in the Brazilian education company Abril Educação (“Abril” or “Company”). The Company is listed on the Bovespa stock exchange (ticker: ABRE11).
Abril is a leading player in the Brazilian K-12 education market with a diversified portfolio of products and services, including learning systems, textbooks, prep courses and language schools. The investment stems from GIC’s belief in the growth potential of the K-12 education market in Brazil, as well as Abril’s unique multi-segment positioning with a focus on quality, renowned brands and robust operational capability.