Bahema Educação S.A. acquired Three education institutions in Brazil from Anima Holding S.A. for BRL 36.5 million.
June 28, 2021
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Bahema Educação S.A. (BOVESPA:BAHI3) acquired Three education institutions in Brazil from Anima Holding S.A. (BOVESPA:ANIM3) for BRL 36.5 million on June 29, 2021. The total value includes a BRL 30 million fixed minimum, to be paid in an instalment of BRL 18 million upon conclusion of the operation and BRL 12 million by May, 2022 and an earn out estimated at BRL 6.5 million to be paid over 2022 to 2024 depending on the performance of the schools.
Bahema Educação S.A. (BOVESPA:BAHI3) completed the acquisition of Three education institutions in Brazil from Anima Holding S.A. (BOVESPA:ANIM3) on June 29, 2021.
Anima Holding SA, formerly GAEC Educacao SA, is a Brazil-based company principally engaged in the educational sector. The Company's activities are divided into two segments: Higher education and Vertical management. The Higher education division focuses on developing formal and distance education services by offering college degrees and professional specialization courses, including undergraduate, graduate, masters, doctorate and extension degrees. The Vertical management division offers congresses, forums, seminars, specialization and in-company courses to professionals, as well as publishes books and magazines related to management and business. Its educational institutions are located in the states of Minas Gerais and Sao Paulo, Brazil. The Company operates through a number of subsidiaries, such as Minas Gerais Educacao SA, Instituto Mineiro de Educacao e Cultura Uni-BH SA, Posse Gestao Patrimonial SA and HSM do Brasil SA.
ÂNIMA HOLDING S.A. 
