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GIC acquires stake in Brazilian education firm

The firm is a leading player in Brazil’s K-12 education market, the sovereign wealth fund said.

SINGAPORE: GIC, Singapore's sovereign wealth fund, announced on Friday (Aug 15) that it has acquired an 18.5 per cent equity stake in Brazilian education company Abril Educação.

The Brazil-listed firm is a leading player in the country’s K-12 education market, and has a diversified portfolio of products and services, including learning systems, textbooks, prep courses and language schools, GIC said in a statement.

“The investment stems from GIC's belief in the growth potential of the K-12 education market in Brazil, as well as Abril's unique multi-segment positioning with a focus on quality, renowned brands and robust operational capability,” it added.

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