Asset management firms The Carlyle Group (Nasdaq: CG) and Vinci Partners have acquired distance learning company Uniasselvi. The target was previously owned by Kroton Educacional, a private education company based in Brazil.
Carlyle and Brazilian firm Vinci Partners financed the deal with several investment vehicles. Carlyle will use funds from its Carlyle South America Buyout Fund, as well as a fund with co-adviser Banco do Brasil. Vinci Partners will finance the deal with its Vinci Capital Partners II fund.