PROJECT

Projects

Summary of Proposed Investment

Project Number

28097

Company Name

COGNA EDUCACAO SA

Date SPI Disclosed

Aug 6, 2009

Country

Brazil

Industry

Health, Education and Life Sciences

Projected Board Date

Sep 15, 2009

Status

Completed

Sector

Colleges, Universities, and Professional Schools

Department

Regional Industry - MAS LAC

Environmental Category

B - Limited

Previous Events

Approved : Dec 4, 2009
Signed : Dec 23, 2009
Invested : Dec 1, 2010

Project Description

Anhanguera Educacional Participações S.A. (the “Company” or “AES”) is Brazil’s leading private, for-profit professional education company. The Company delivers education services through its: i) campus network (Anhanguera Educacional); ii) vocational training centers (Microlins); and iii) distance learning platform (Anhanguera/LFG).

The majority of AES’s students are young working adults from middle and low-income backgrounds. The Company focuses on delivering the market’s best combination of quality and value through: i) conveniently located campuses; ii) standardized and updated curricula; iii) qualified faculty; and iv) strict quality control.

Management’s growth strategy focuses on growing its on-campus students, distance learning, and vocational training units. IFC’s proposed investment consists of an A Loan for up to approximately $25.0 million (R$50 million) to partially fund its growth over the next year.

Founded in the early 1990’s from a single college, the Company today is the largest post-secondary education institution in Brazil, with an average enrollment of 141,000 students in 2008 distributed across 52 campuses and 450 distance-learning centers. With an additional 500,000 students/year in vocational training programs, AES has educated over 700,000 young working adults in Brazil in 2008, more than any other education institution in the Americas.

Sponsor / Cost / Location

Development Impact