Tuesday, April 23, 2019

The future of Flávio Augusto and Carlos Group Wizard, with R $200 e more

The group, which has the Education Wiser entrepreneurs Flávio Augusto da Silva and Carlos Wizard Malik as main shareholders, will use a new capital injection of 200 million reais to invest so much in that brought him renown as in most technological fronts. The Group of language schools Wise Up and received the contribution of NumberOne private equity fund Us Investments, that the door of 80 to 300 million reais in medium and large companies in Exchange for minority stakes. In partnership with Itaú Unibanco, the US had already invested 1.2 billion reais in eight business — including the Network Wizard language, belonging to the group, created by Malik and sold to the British Pearson Education in 2014. Both the capital as the "financial and intellectual property" of the US investments will be useful for the future of Wiser education, which can pass "of acquisitions until a" IPO (initial public offering), according to Silva. Investments outside and inside the radar The network of language schools focused on adult audience Wise Up was founded by Flávio Augusto da Silva in 1995, which in 2013 396 units sold for a billion reais for today Are education. Two years later, repurchased the 250 remaining units by 390 million reais, with focus on "recovering". Carlos Wizard Martins joined the business in 2017, getting 35% of Wise Up by 200 million reais, after your non-competition clause with the sale of the Multi Group expires. In the same year, they acquired the network of language schools NumberOne. The transaction of 200 million dollars could still be subject to the approval of regulators, as Cade (Administrative Council of economic defense). If confirmed, the new injection of capital, combined with the cash flow generation of the group, "gives the flexibility to invest in technology education-related". An example from the financial side of Wiser's MeuSucesso.com site Education, online classes on entrepreneurship, you get an Office in the United States. "This is just one of our investments in the area of edtechs [startups in education]. We can acquire and integrate them to our business, "says Silva. Even so, much of the capital going to the main activity of the Wiser education: its language schools. The Wise Up has 300 units and meets 95000 students, while the NumberOne 25000 students concentrated in mining its 120 schools. In the last 18 months, the Group has opened 60 of these units. The investment of 200 million dollars should accelerate the plans, is the opening of new schools or in the acquisition of more languages. The Wiser Education designs go from 420 to 1,000 units by the end of 2021. One of the main actions to achieve the plan is to offer training and credit to future franchisees, totaling 120 million reais in financing made easy. For Silva, the proliferation of several language schools is not justification to slow down the pace of expansion. "Always we operate in a market with competition. Carlos and [Wizard Malik] are the most relevant and now we are together. Many networks were reduced with the recent years of economic crisis, while our group only grew. This already proves our potential for growth. "
Exame - 16/04/2019 News Item translated automatically
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