Cases & Deals

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

Clients 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.