São Paulo, April 9, 2020—IFC, a member
of the World Bank Group, is investing up to US$ 112 million (or up BRL
450 million) to support the expansion of Ânima, one of the leading private
education groups in Brazil. IFC’s loan will help expand quality and affordable
education for more students in Brazil, particularly those from low- and
middle-income families located in the Northeast, Southeast and South regions.
IFC’s investment package consists two parts: an up to $64 million loan
for IFC’s own account and an up to $48 million loan through the IFC Managed
Co-Lending Portfolio Program (MCPP), a platform that allows institutional
investors the opportunity to passively participate in IFC’s future loan
portfolio. The tenor for both tranches is eight years, including a three-year
This is IFC’s third investment in Ânima. IFC participated as an anchor
investor in Ânima’s Initial Public Offering (IPO) in 2013 and supported
the company’s expansion plan with a $40 million long-term loan in 2016.
This new IFC’s investment will support Ânima’s program of acquisition,
formalization, integration and infrastructure expansion of several universities
in the northeast and south of Brazil, including AGES (in Bahia and Sergipe),
UNICURITIBA (in Paraná), Unisul (in Santa Catarina), potential further
acquisitions, and will help increase liquidity to address potential working
capital needs. These acquisitions shall help develop Ânima’s health and
law verticals and reach students in new regions.
This investment is aligned with IFC’s top strategic priorities in Brazil.
Improving access to quality affordable tertiary education is critical to
improve labor productivity, better align skills with market needs, and
increase options for employment, which are key elements for the country’s
social and economic development. This investment in Ânima will contribute
to increase employability and productivity of the workers and entrepreneurs
of tomorrow. It will also give opportunity for students to receive quality
medical education in remote areas of the northeast and the south of Brazil,
helping to bridge an important gap in the availability of health care professionals
in non-capital cities.
By international standards, a relatively small share of students pursues
higher education in Brazil. According to UNESCO, Brazil’s higher education
Gross Enrollment Ratio (GER) is about 49 percent, which is much lower than
that of other countries in Latin America. It is even lower at 38 percent
in the Northeast, a region where it is estimated that only circa 10% of
the population has a post-secondary degree. In Brazil, the private institutions
serve over 8 million students, including learners from middle- and low-income
backgrounds, which represents c. 75% of the Brazil’s market while public
universities accounts for only 25 percent of total students.
Over the past 18 years, IFC has invested over $2 billion in education projects
in 40 countries. IFC plays a counter-cyclical role by providing the necessary
long-term financing to sectors that are key for a long-term sustainable
development of the country. Since 2009, IFC has already committed $398
million in education projects in Brazil alone.
IFC has been investing in Brazil’s private sector since 1957, addressing
the country’s most critical development challenges, including those of
urbanization, social inclusion, healthcare, educational services, competitiveness
and productivity, and management of natural resources. IFC is the largest
multilateral investor in private education in emerging markets.
With the claim 'Transforming Brazil through Education', Ânima is one of
the main tertiary educational organizations in the country, with approximately
118,000 students in seven institutions: Una (MG and GO), São Judas University
(SP), UniBH (MG), UniSociesc (SC and PR), AGES (BA and SE) and UNICURITIBA
(PR). In Santa Catarina, it has a management partnership with Unisul. The
Group also includes the Brazilian School of Law (EBRADI), HSM, HSM University,
SingularityUBrazil, Inspirali, a subsidiary of the international gastronomy
school Le Cordon Bleu, in São Paulo, and the Ânima Institute.
Ânima has been elected one of the 100 Best Companies to Work for over the
past five years. In addition, since 2017 it has been one of the 150 Most
Innovative Companies in the country, according to the Valor Econômico Innovation
Yearbook, and in 2019 it won the Women in Leadership award, in the Education
category, an initiative of the NGO Women in Leadership in Latin America
(WILL). Still in 2019, Ânima was awarded the prize of best corporate governance,
in the area of Education, in Brazil by Época Negócios 360 ° Yearbook.
IFC—a sister organization of the World Bank and member of the World Bank
Group—is the largest global development institution focused on the private
sector in emerging markets. We work with more than 2,000 businesses worldwide,
using our capital, expertise, and influence to create markets and opportunities
where they are needed most. In fiscal year 2019, we delivered more than
$19 billion in long-term financing for developing countries, leveraging
the power of the private sector to end extreme poverty and boost shared
prosperity. For more information, visit www.ifc.org.