Instituto Avansys has been acquired by Laureate Education Perú S.R.L.

Grupo El Comercio has sold Instituto Avansys to Laureate Education Perú S.R.L. Financial details have not been disclosed.

Instituto Avansys is an education institution with more than 34 years of experience and solid brand recognition across Peru. In 2017, the center had 4,500 students and offered 17 graduate degrees.

Laureate Education Perú is the Peruvian subsidiary of Laureate International, Inc., a listed company in the NYSE. Laureate Education, together with its subsidiaries, provides higher education programs and services to students through universities and other institutions. It operates in six areas: Brazil, Mexico, Andean and Iberian, Central America and USA campuses, EMEAA, online and partnerships. The company offers a range of undergraduate and graduate degree programs primarily in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs. It also operates online institutions that offer professionally-oriented degree programs primarily for the working adults with undergraduate and graduate degree programs.

Grupo El Comercio, together with its subsidiaries, publishes and distributes books, magazines, brochures, weekly newspapers, and various graphic publications, as well as multimedia products and videos in Peru. The company operates through six segments: El Comercio newspaper, tabloids and other newspapers, broadcasting, entertainment, education, and printing services. It is also involved in the publication of the El Comercio, Trome, Peru-21, Gestión, Depor, Ojo, El Bocón and Correo newspapers. The group also sells advertising space through its TV stations and newspapers.

Oaklins' team in Peru acted as financial advisor to the seller in this transaction.