Brazil education co Uniasselvi hires banks for U.S. IPO - source

Afya

20/02/2020 12:26

SAO PAULO, Feb 20 (Reuters) - Brazilian education company
Uniasselvi has hired investment banks to manage an initial
public offering in the United States, a source with knowledge of
the matter said.
    The company, which is seeking a valuation above $1 billion,
has hired the investment banking units of Goldman Sachs & Co,
Morgan Stanley and Bank of America to manage the offering.
    Uniasselvi had no immediate comment. 
    It will join other two Brazilian education groups with U.S.
listings, Arco Platform Ltd  ARCE.O  and Afya Ltd  AFYA.O .
    Uniasselvi has among its partners private equity firms
Carlyle Group Inc, Neuberger Berman LLC and Vinci Partners.
    Brazilian newspaper Valor Economico reported the hiring of
the banks by Uniasselvi earlier on Thursday.

 (Reporting by Carolina Mandl; Editing by Jan Harvey)
 ((carolina.mandl@thomsonreuters.com; +55 11 5644 7703; +55 11
97116-3806;))