Kroton, the best company in the region
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15th October 2014

Yura, Pinfra, Eztec, Plaza, Cerv. San Juan, and Enersur follow. The 100 Latin American Best Companies.
By Santiago Gutierrez
It should not come as a surprise: this year’s best company in Latin Trade’s Latin American ranking is Brazilian education giantKroton.With a $9.8 billion market capitalization and 1.2 million students last year,Kroton became the world’s largest for-profit education company by market value and by registerednumber of students.
The move that consolidated Kroton’s first place in the ranking was the merger of Brazil’s biggest and second-biggest players (Kroton and Anhanguera.) The $3.4 billion deal was the sixth largest M&A operation in Latin America in 2013.
Thecompany has posted outstanding results, like a 243.8% average profit growth and 36.5% average revenue growth in the last three years. It will close 2014 with $2 billion in revenues and close to $630 million in EBITDA.
But there is also more to come from this firm. Profits will probably soar in 2015, when management begins to reap the fruits of the vast synergies which can be obtained from the integration of the acquisitions made in the past seven years. Over that period, the company bought 20 small universities. The group announced in October the start ofthis integration process. Besides that, the company expects growth of 10% to 12% in the number of registered students. The price of the stock in the U.S. market soared to $6.51, from $4.34 in the past twelve months, an increase of 50%. That’s …

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