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Laureate Education divests operations in Chile to Fundación Educación y Cultura and sale of its for-profit operations for $218.2 million

September 2020

Client(s) Laureate Education, Inc.

Jones Day acted as special tax counsel in the divestiture of its operations in Chile through the transfer of control of its not-for-profit institutions to Fundación Educación y Cultura and the sale of its for-profit operations. The sale of Laureate’s for-profit institutions includes the sale of Instituto Profesional AIEP to Universidad Andrés Bello, with a transaction value of $214.6 million, and the sale of other assets such as Instituto Profesional Escuela Moderna de Música to Fundación Educación y Cultura for $3.6 million.

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