Investment press release - Lottus Education

content_published 10/month_10/2019

Mexico City, October 11, 2019

Lottus Education (“Lottus”), announced today it has acquired Universidad Latinoamericana (“ULA”). This acquisition advances Lottus’ mission to transform students’ lives through affordable education programs with academic excellence and unique student experiences and cements the groups position as a leading higher education platform in Mexico and Latin America.

Through active strategic and operational support, Lottus implements a student-centric value proposition and accelerates the growth and development of its network of schools and institutions through organic and inorganic initiatives.

Further terms of the transaction were not disclosed.

About Lottus Education

Founded in 2015, Lottus is a leading platform of higher education in Mexico. Through its operating brands, Universidad Tres Culturas (“UTC”) and ULA, Lottus offers high-school, undergraduate and graduate educational programs and services, online and on-campus in Mexico. Lottus has over 40,000 enrolled students across 37 campuses and learning centers in 14 states in Mexico.

About ULA

Founded in 1975, ULA is a renowned institution in Mexico with more than 20,000 students in three learning modalities: high-school, traditional undergraduate and graduate programs, and online and blended programs for working adults. With four campuses and twenty-four learning centers throughout Mexico, ULA offers 78 programs and has received the highest possible level of private institutional accreditation “Lisa y Llana” from The Mexican Federation of Private Higher Education Institutions (FIMPES), and the prestigious Excellent University status by the Ministry of Public Education (Secretaría de Educación Publica, SEP) for its distinguished dentistry program.