EFG Hermes launches $300mln education fund, acquires GFH schools

Deal News | Nov 18, 2024 | Zawya

EFG Hermes launches $300mln education fund, acquires GFH schools

EFG Hermes, an Egyptian investment bank, has announced the launch of a $300 million educational investment fund named the Saudi Education Fund (SEF). This fund has acquired a series of schools in Saudi Arabia, the UAE, and Bahrain from the Bahrain-based investment group GFH. SEF aims to leverage the increasing demand for private school education in Saudi Arabia, which is anticipated to double due to the country's Vision 2030 initiative. Currently, the Britus education-operated schools cater to 8,000 students, with the potential to expand to 12,000. This fund will work in conjunction with EFG's Egypt Education Platform, established in 2018, which already includes a portfolio of 23 schools.

Sectors

  • Education
  • Investment Banking

Geography

  • Egypt – EFG Hermes is an Egyptian investment bank initiating the investment fund.
  • Saudi Arabia – The Saudi Education Fund targets growth in the Saudi private school sector, aligning with the Vision 2030 plan.
  • United Arab Emirates – Schools in the UAE are part of the acquisition by the fund.
  • Bahrain – The schools were acquired from a Bahrain-based investment group, GFH.

Industry

  • Education – The article discusses the launch of an education fund and acquisition of schools, highlighting the focus on the education sector.
  • Investment Banking – EFG Hermes, an investment bank, is leading the fund initiative and school acquisition, thereby playing a significant role in investment banking.

Financials

  • $300 million – The size of the education fund launched by EFG Hermes.

Participants

NameRoleTypeDescription
EFG HermesBidding CompanyCompanyAn Egyptian investment bank launching the $300 million education fund.
GFHSelling CompanyCompanyA Bahrain-based investment group from which schools were acquired.
Saudi Education Fund (SEF)Target companyCompanyThe newly launched fund by EFG Hermes focusing on educational investments.
Britus EducationOperatorCompanyOperates the schools under the Saudi Education Fund, accommodating 8,000 students.