March 2023 – PC Capital invested in MDI Educación with the intention of building a for profit higher education platform. Through the investment in Lottus in 2019, MDI Educación acquired a stake in a larger company aligned with the original investment thesis. In March 2022, Lottus Education sold 100% of its Equity Value to Nacer Global Education (“NGE”), a direct competitor with its own for-profit education platform. Lottus’ board voted to accept the offer, and MDI Educación decided to liquidate its stake in Lottus according to the terms offered by NGE.