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Cogna Educação raises 2.55 billion reais in landmark follow-on

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Brazilian education group Cogna has hired Davis Polk & Wardwell LLP in São Paulo and New York and Brazil’s Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados to raise 2.55 billion reais (US$615 million) in a follow-on offering, marking the largest ever equity transaction in Brazil’s education sector.