Alta Growth Capital successfully exits Lottus Education
Mexico City, Mexico, February 21, 2022 – Lottus Education shareholders have reached an agreement to sell 100% shares of the company to a strategic player.
Lottus Education became a great success story as it rapidly consolidated amongst the largest 5 companies in private higher education in Mexico, both through acquisitions and organic growth. Lottus began as a search fund acquisition of Universidad Tres Culturas (UTC) in 2015, a university with 6 thousand students. Alta invested in 2019 to support the acquisition of ULA, reaching 42 thousand students. In 2021 Lottus completed another two acquisitions, UANE and UTEG, with an additional investment from Alta and the rest of the shareholders. Lottus reached 84 thousand students at the beginning of 2023. Lottus targets university students in the low and middle socioeconomic levels through different study modalities providing a strong value proposition through its five long-standing operating brands.
About Lottus Education
Lottus Education, founded in 2015, is one of the largest higher education platforms in Mexico with ~78k students. It targets low and middle socioeconomic levels through different study modalities providing a strong value proposition for students through five long-standing operating brands:
- Universidad Latinoamericana (“ULA”), a highly recognized, private university in Mexico that targets middle-income undergraduate students and low-income adults looking to complete/expand their education.
- Universidad Tres Culturas (“UTC”) is a Mexican academic institution with 12 campuses and over 20 years of experience promoting the education and the social development of its students through affordable tuitions. With Lottus sponsorship, UTC grew from 6,600 students in 2015 to +30,000 students as of August 2022.
- Colegio Indoamericano (“Indo”), acquired in 2020, is a well-recognized high school located in the north of Mexico City with ~1.1k students and +40 years of experience.
- UTEG: UTEG was founded in 1968 in Guadalajara, it currently has more than 16,000 students and more than 1,200 collaborators. UTEG´s infrastructure includes 9 campuses strategically located in Guadalajara´s metropolitan area.
- UANE: The Universidad Autónoma del Noroeste (“UANE”) was founded in 1974 to meet the needs of people who work and have experience in their field, but do not have a professional title. After 47 years, with +14,000 students and 1,200 collaborators, UANE has positioned itself as the leading institution of Higher Education in Mexico´s northeastern region.