Key Facts
—The deal. Cogna’s teaching-systems arm Somos bought another 47% of the school-payments fintech Educbank for R$46.3m ($8.9m), paid in cash.
—The result. Somos’ holding rises from 43% to 90%, handing Cogna clear control of the platform.
—What Educbank does. It guarantees and collects monthly tuition for private schools, taking the risk of late-paying parents off the school’s books.
—Filed Friday. The purchase was disclosed to Brazil’s securities regulator after the close on June 26, with shares around R$2.30.
