Permira to sell education group Universidad Europea to EQT, sources say

Dow Jones Industrial Average -0.62%
S&P 500 index -0.24%
NASDAQ +0.23%

Dow Jones Industrial Average

DJI

48114.26

-0.62%

S&P 500 index

SPX

6800.26

-0.24%

NASDAQ

IXIC

23111.46

+0.23%

By Andres Gonzalez and Pablo Mayo Cerqueiro

- Private equity firm Permira has agreed to sell a majority stake in higher education group Universidad Europea to Swedish rival EQT EQTAB.ST, two sources familiar with the matter told Reuters.

The deal values Universidad Europea, which operates 12 campuses across Spain and Portugal, at more than 2 billion euros ($2.17 billion) including debt, the sources said, speaking on condition of anonymity.

Permira will remain a minority stakeholder.

EQT and Permira both declined to comment.

($1 = 0.9232 euros)


(Reporting by Andres Gonzalez; editing by Jason Neely)

((andres.gonzalez@thomsonreuters.com; +44 (0) 7551 790019; Reuters Messaging: andres.gonzalez.thomsonreuters.com@reuters.net))

Every question you ask will be answered
Scan the QR code to contact us
whatsapp
Also you can contact us via