Deals
Pearson Buys Grupo Multi for $721 Million for Brazil Growth
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Pearson Plc agreed to acquire Grupo Multi, an English-language training company in Brazil, for about 440 million pounds ($721 million) as the London-based company accelerates growth in its education business.
Pearson, which also publishes the Financial Times newspaper, will pay for Grupo Multi in cash and assume 65 million pounds of debt, it said in a statement today. The deal is the biggest acquisition for Pearson since it bought Harcourt Education from Reed Elsevier Plc in a $950 million deal in 2007, according to data compiled by Bloomberg.