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Actis makes first investment from new fund

Actis, the pan-emerging markets private equity firm, has confirmed an investment of USD68m in CNA, a provider of English language training in Brazil.

A portion of the investment will be funded from Actis’s new global fund, Actis 4.
CNA was established in 1970 and is now among the four largest private suppliers of English language training in Brazil with more than 500 schools nationwide and over 400,000 textbook kits sold per year.
CNA’s customer base includes children and teenagers but its primary target audience is young adults keen to improve their career prospects by learning English.
Actis has built up extensive domain knowledge in the education sector; backing the trend for emerging market consumers to secure their own and their children’s future quality of life by investing in their education. Actis currently has USD360m invested in the education sector in businesses including Ambow, China PSE and EIC Group in China; and Universidade Cruzeiro do Sul in Brazil.

Patrick Ledoux (pictured), co-head of Latin America at Actis, says: "CNA has strong market positioning, a demonstrable track record, a recognised brand, and a nationwide footprint. We look forward to starting work alongside the management team, and to sharing the knowledge and understanding we’ve gained from our investment in Universidade Cruzeiro do Sul.”

Décio Casarejos Pecin, chief executive of CNA, says: “Our goal is to double the size of CNA over the next five years through organic growth, and acquisitions which align with our strong brand and customer offering. We look forward to partnering with Actis and using their experience in the education sector to establish one of the best corporate governance standards in Brazil’s franchising industry.”

Luiz Gama, who founded CNA, becomes chairman of the company’s board of directors.

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