An affiliate of private equity firm Pivotal Group has acquired Pan Am Education’s assets for an undisclosed amount.
Pan Am provides online learning services for students and education companies in 10 countries, including China, Brazil and Mexico. The company plans to expand into additional markets.
Pivotal, based in Phoenix, expects the deal to create new jobs for teachers who videoconference with students to provide instruction.
Educated Ventures advised Pan Am on the deal.
For more on education see Mergers & Acquisitions' interview with Peter Yoon of Berkery Noyes.