Cogna Educação entered a merger agreement on September 17, 2025, to acquire its subsidiary Vasta Platform Limited (VSTA) in an all-cash deal valued at $3.3 billion.
Cogna will commence a tender offer to acquire all outstanding Class A common stock of Vasta for $5 per share, representing a 0.81% premium from the stock’s last close.
Vasta Platform is an education company in Brazil that provides printed and digital learning solutions for private K-12 schools, including textbooks, learning systems, e-commerce services, and digital platforms.
Cogna Educação is a Brazilian private education company that offers services across the full education spectrum — from basic (K-12) through higher education and postgraduate — in both in-person and distance-learning formats.
Cogna currently owns all of Vasta’s Class B shares, representing about 97.6% of Vasta’s share capital.
On September 16, 2025, Cogna announced it planned to launch a tender offer for Vasta. The stock was trading at $4.85 before the offer was announced.
The tender offer commenced on September 17, 2025, and is scheduled to expire on October 15, 2025.
For a comprehensive understanding of this M&A transaction, please visit the Deal Metrics page here:
Deal Metrics for the acquisition of Vasta Platform Limited (VSTA) by Cogna Educação S.A.
The Deal Metrics page for each merger or acquisition includes:
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Editor’s Note: Baranjot Kaur contributed to this article