Linzor Capital Sells Minority Stake in UTEL for US$20.5 Million (Latin America)

Source(s): LexLatin | Author(s): Erika Hidalgo

Latin America-focused private equity fund manager Linzor Capital Partners has sold a 30 percent stake in Mexico-based Universidad Tecnológica Latinoamericana (UTEL) to Australian Stock Exchange-listed online training and employment services company Seek for US$20.5 million. UTEL offers online higher education services, with doctoral, masters, bachelor and high-school programs.