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Announced

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Aurica Capital completed the acquisition of a 30% stake in Euroinnova.

Synopsis

Aurica Capital, a private equity firm, completed the acquisition of a 30% stake in Euroinnova, an educational services provider. Financial terms were not disclosed. "Euroinnova has all the characteristics of the type of companies in which we have invested so far, but also its technological approach and expertise are the basis for the decision to create Educa Edtech Group so that other educational projects can benefit from R&D and innovative methodologies that improve the offer and results. It is a great addition to our portfolio. We are convinced of its great growth potential and we believe that our support will allow the company to reach its next stage of development, leading the Educa EdTech Group," Martín Vargas, Aurica Capital Director of Investments.

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