SAO PAULO: The asset administration arm of UAE’s investor Mubadala Investment Co PJSC has acquired management of two for-profit medical universities in Brazil, it stated in a press release.
Mubadala Capital acquired from the for-profit training group Rede UniFTC two medical faculties in the northeastern state of Bahia which have round 2,000 college students. Rede UniFTC will hold a minority stake in the two faculties after the deal.
The worth of the deal was not disclosed. Thiago Sayao, former president of Adtalem Global Education’s unit in Brazil, can be CEO of a brand new firm holding the medical faculties.
Reporting by Tatiana Bautzer Editing by Chris Reese and Cynthia Osterman
UAE’s Mubadala Capital buys two medical universities in Brazil & More Latest News Update
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