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PRINT THIS PAGE Carlyle to acquire Mexican private university Universidad Latinoamericana23/09/2005. Source: AltAssets. 
 US private equity giant The Carlyle Group is to acquire a majority participation in Mexican private university Universidad Latinoamericana. Financial details of the transaction have not been disclosed.
ULA has two campuses in Mexico City and one in Cuernavaca, Morelos. It offers programmes ranging from high school to 12 undergraduate degrees, six masters degrees and one PhD.
Luis Téllez, one of the two co-heads and managing director of Carlyle's Mexico team, said, 'Quality education is key to Mexico's continued development. Given budgetary restrictions and Mexican demographics, college and university-level education provided by the public sector will have to be complemented more and more by private institutions such as Universidad Latinoamericana. Our investment in Universidad Latinoamericana demonstrates Carlyle's confidence in the Mexican economy.'
Joaquin Avila, co-head and managing director of Carlyle's Mexico team, added, 'With its 30-year track record, the ULA has reached solid recognition in areas such as dentistry, communications and psychology. This provides an attractive platform for expansion. Also this investment confirms Carlyle's ability to participate not only in global and large transactions, such as Loews-Cinemex, but also in locally focused opportunities.'
Carlyle has $30.9bn under management and offices in 13 countries.
Copyright © 2005 AltAssets
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