The acquisition will significantly expand the group's presence in emerging markets. Group Multi serves over 800,000 students across 2,600 franchised schools. The company primarily provides English language courses through a range of school brands such as Wizard, Yazigi and Microlins.
Chief executive, John Fallon, commented:
Brazilians' appetite for learning English as a global language of business and trade shows every sign of continuing to grow rapidly as Brazil becomes a global player in commerce, travel and a host of other industries.