May 2026
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Largest Education & Training Public Companies in Brazil
Benchmark revenue and EBITDA valuation multiples for public comps like
Afya, Cogna Educação, YDUQS, Vitru Educação and Ser Educacional.
 | Afya Ltd is a medical education group based in Brazil. Its education portfolio has several courses in addition to Medicine, such as Management, Dentistry, Law, Engineering, Nursing, Psychology, and Accounting Sciences, among others. It has three segments; Undergrad provides educational services through undergraduate courses related to medical school, undergraduate health science and other ex-health undergraduate programs, Continuing Education provides medical education, specialization and graduate courses in medicine, delivered through digital and in-person content; and Medical practice solution provides clinical decision, clinical management and doctor-patient relationships for physicians and provide access, demand and efficiency for the healthcare players. | $14 | -23% | $1B | $2B | 2.2x | 4.8x | ||
| CognaEducacao SA is one of those private educational organizations in Brazil and around the world. The company's segment includes Kroton; Vasta and Saber. It generates the maximum of its revenue from the Kroton segment. | $1 | -2% | $1B | $2B | 1.5x | 4.3x | ||
| YDUQS Participacoes SA is a Brazilian education company that focuses on postsecondary education. The company operates universities, colleges, and distance learning campuses across the country, with over 90 locations across 22 Brazilian states. It offers undergraduate, graduate, and professional designation programs to its students. Estacio Participacoes attracts middle- and lower-income workers across the country to its educational programs and enrolls over 500,000 students annually. Approximately 75% of enrollees study at the company's on-campus locations, which drive the majority of revenue for the company. Geographically, Estacio Participacoes operates the majority of its campuses around Rio de Janeiro. | $2 | -37% | $497M | $1B | 1.2x | 3.9x | ||
| Vitru Brasil Empreendimentos Participacoes e Comercio SA invests in educational service providers and provides distance learning continuing education services through its subsidiaries. The group provides educational services in Brazil, mainly undergraduate and continuing education courses, offered in person at its campuses located throughout Brazil. Its operating segments are: Distance Learning Undergraduate Courses, In-person undergraduate programs, and Continuing education courses. Maximum revenue is generated from its Distance Learning business, which offers virtual learning opportunities in education, business administration, accounting, physical education, vocational training, engineering, and health-related courses. | $3 | +46% | $394M | $760M | 1.7x | 4.3x | ||
| Ser Educacional SA is an education and training services company. It is principally involved in the development and management activities for on-campus and distance-learning undergraduate, graduate, professional training, and other areas of education, and in participation, as a partner or shareholder, in other partnerships and companies in Brazil. Geographically, the operations are carried out through Brazil which also accounts for the majority of the revenue which includes monthly tuitions charged to students enrolled semiannually in regular undergraduate, graduate, distance learning, and technical courses. | $2 | +20% | $299M | $539M | 1.2x | 4.2x | ||
| Cruzeiro do Sul Educacional SA is engaged in the business of providing education services. It provides higher education, graduate programs, postgraduate courses, childhood education, and technical education. | $1 | -20% | $297M | $638M | 1.1x | 3.4x | ||
| Anima Holding SA operates as a private higher education organization in Brazil. Its Education segment consists of activities performed by the subsidiaries engaged in the provision of education services by offering elementary school and high school courses, college degrees, and professional specialization courses. The Other businesses consist of activities performed by the subsidiaries including forums, seminars, specialization courses, in-company courses, publishing books, and magazines specifically focused on management and business, preparatory courses for the Brazilian Bar exam, and analysis. | $1 | -19% | $250M | $1B | 1.3x | 3.4x | ||
| Bioma Educacao SA is an investment holding company with investments in education and K-12 schools. It invests in Red Balloon School / Mangabeiras College in Belo Horizonte / MG, Escola Parque in Rio de Janeiro / RJ, and Escola da Vila in Sao Paulo. | $2 | -- | $41M | $70M | 1.0x | 87.7x | ||
| Median | $2 | -19% | $347M | $919M | 1.3x | 4.2x |
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