News Release

The Carlyle Group and Vinci Partners to Invest in Education in Brazil

2015-079

São Paulo – Global alternative asset manager The Carlyle Group (NASDAQ: CG) and Vinci Partners, an independent asset management firm in Brazil, announce that funds managed by both firms have signed last Friday, October 23rd, an agreement to acquire the stock of Uniasselvi, a subsidiary of the Kroton Educacional group.

Equity for the investment will come from Carlyle's South America Buyout Fund and Fundo Brasil de Internacionalização de Empresas II FIP (FBIE), a local fund advised by Carlyle and Banco do Brasil. The transaction is subject to customary closing conditions and is expected to close in the next several months. Additional financial terms were not disclosed.

Founded in 1997, Uniasselvi serves more than 100,000 students enrolled in its undergraduate and graduate programs. The company operates both distance learning format, in which it is the fourth largest player in Brazil with 48 centers across several Brazilian states; and on-campus education, with seven campuses in the state of Santa Catarina, where it is the largest higher education institution.

In addition to its academic quality (institution to offer a distance-learning program graded 5 by the Ministry of Education – MEC), Uniasselvi stands out for offering distance-learning programs that use a mixed format, whereby students combine online learning activities with live education, attending regular classes once a week in distance learning centers with the support of a professor-tutor.

“We're very excited to invest once again in the education sector, especially together with Carlyle. We’ll work together to create a new major player in this sector," said Carlos Eduardo Martins, Vinci’s partner in charge of the investment. He also highlighted that “the higher education sector should continue to expand over the years to come, as penetration in Brazil still lags that of other countries with the same development level.”

Fernando Pinto, Carlyle’s managing director responsible for the transaction at Carlyle, said: “Uniasselvi is Carlyle’s first investment in education in Brazil. The company achieved a leadership position due to a clear value proposition for students to advance their education with flexibility and affordability.” According to the executive, "It is a strategic asset with important competitive advantages.”

 

Fernando Borges, co-head of Carlyle in Brazil, explains that the acquisition is part of Carlyle’s growth strategy in the country. “We are looking for companies that can offer services that continue to be essential to Brazilians. We’ve spent years assessing opportunities in the education sector and we think this is the right time to invest in a sector that continues to present sound growth perspectives. The partnership with Vinci is an additional positive factor in this investment."

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ABOUT THE CARLYLE GROUP
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $193 billion of assets under management across 128 funds and 159 fund of funds vehicles as of June 30, 2015. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,700 people in 35 offices across six continents.

Web: www.carlyle.com
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ABOUT VINCI PARTNERS
Vinci Partners is an alternative investment platform specializing in asset management, wealth management and financial advisory, with an independent model unique in Brazil. Vinci was founded in October 2009 by a group of managers with extensive financial market experience from the Alternative Investment Management wing of UBS Pactual Capital Partners, created in 2001 to manage the investments of the partners of Banco Pactual.

Vinci currently manage R$19 billion in private equity, real estate, equities and credit funds. If the companies in which Vinci holds shareholding interest through its private equity funds represented a single business group, it would account for annual gross revenue of R$15 billion and directly employ more than 30,000 people.

Since 2004, Vinci Partners has invested in more than 40 companies. Vinci Partners currently manages two Private Equity funds: an asset portfolio that consists of US$592 million in proprietary investments and Vinci Capital Partners II, LP with committed capital of US$1.4 billion and a diverse base of Brazilian and foreign investors.

Website: http://www.vincipartners.com/

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