CVC grows study travel arm with Experimento buy
Brazilian travel agency behemoth CVC has strengthened its presence in the study travel market with the purchase of Experimento, one of the country's oldest education agencies.
Brazilian travel agency behemoth CVC has strengthened its presence in the study travel market with the purchase of Experimento, one of the country's oldest education agencies.
CVC Intercâmbio will open student-facing offices to promote language programmes, youth travel, academic year abroad, junior packages and other related products.
CVC, one of Latin America’s biggest travel agencies, has hired former STB CEO Santuza Bicalho to head up a new division for study travel, which the company hopes will account for 4.5% of turnover in sales for the business.
Private equity firm CVC Capital is investing over US$200 million into EIC Group, one of the world's largest education consultancies for Chinese student recruitment, according to a report citing anonymous sources. EIC has 20 offices worldwide and claims to run the "best attended, most effective" recruitment fairs in China.