EFG Hermes Launches $300M Education Fund with Strategic Acquisition of Schools from GFH

Deal News | Nov 18, 2024 | Zawya

EFG Hermes Launches $300M Education Fund with Strategic Acquisition of Schools from GFH

EFG Hermes, a prestigious investment bank based in Egypt, has announced the launch of a $300 million education fund named the Saudi Education Fund (SEF). The fund will focus on capitalizing on the expanding private school student population in Saudi Arabia. This move aligns with Saudi Arabia's Vision 2030, which anticipates the doubling of the student population in private schools. The fund has already made a significant acquisition of schools from GFH, a Bahrain-based investment group, that includes institutions located in Saudi Arabia, the UAE, and Bahrain. These schools, operated under Britus education, currently have an enrollment of 8,000 students with a capacity for up to 12,000. Furthermore, the SEF will function alongside EFG Hermes' already established Egypt Education Platform, boasting a portfolio of 23 schools launched in 2018. This integration aims at enhancing the education landscape in the region and is a testament to EFG Hermes' commitment to the education sector.

Sectors

  • Education
  • Investment Banking
  • Private Equity

Geography

  • Egypt – EFG Hermes, the primary bank involved, is based in Egypt.
  • Saudi Arabia – The Saudi Education Fund is created to leverage opportunities in Saudi Arabia as part of Vision 2030.
  • UAE – The acquisition includes schools located in the United Arab Emirates.
  • Bahrain – The acquisition targets schools that are operated by GFH, a Bahrain-based investment group.

Industry

  • Education – The article revolves around the launch of an education fund and the acquisition of schools, positioning the education sector as the central industry.
  • Investment Banking – EFG Hermes, an investment bank, plays a crucial role in launching and managing the $300 million education fund.
  • Private Equity – The formation of the $300 million Saudi Education Fund (SEF) and the strategic acquisition of schools highlight private equity investment practices.

Financials

  • $300 million – The amount of the fund launched by EFG Hermes for education sector investments.

Participants

NameRoleTypeDescription
EFG HermesInvestorCompanyAn Egypt-based investment bank that launched the $300 million education fund.
GFHSellerCompanyA Bahrain-based investment group selling its schools in Saudi Arabia, UAE, and Bahrain.
Saudi Education FundTargetFundThe $300 million fund initiated by EFG Hermes to invest in education.