Enko: A New $24M Funding Boosts Expansion Plans
Deal News | Jan 23, 2025 | Investisseurs & Partenaires
Enko Education, an expansive network of international schools across Africa, has closed a successful $24 million round of financing led by new investor Africa Capitalworks and long-time supporter Adiwale Fund I. This capital influx marks the exit of Investisseurs & Partenaires (I&P) from Enko, completing their investment cycle initiated in 2016. Enko, known for its distinctive education model that prepares African youth for prestigious global universities, has set its sights on aggressive expansion. This includes aiming to triple its student body to 20,000 by 2029, supported by a strategic acquisition drive across Africa. Enko's educational programs, renowned for securing students' admissions to elite institutions, remain at the core of its growth agenda.
Sectors
- Education
- Private Equity
Geography
- Africa – Enko Education targets expansion across the African continent and has a footprint in multiple countries, supported by region-focused investors.
Industry
- Education – Enko Education operates in the education sector, providing international school programs across Africa.
- Private Equity – Investisseurs & Partenaires, along with Africa Capitalworks and Adiwale Fund I, are involved in private equity investments, funding and facilitating the growth of Enko Education.
Financials
- $24,000,000 – The amount raised in the latest financing round for Enko Education.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Enko Education | Target company | Company | A network of international African schools providing access to prestigious global universities. |
| Investisseurs & Partenaires | Seller | Company | A private equity firm that initially invested in Enko Education in 2016 and is now exiting its investment. |
| Africa Capitalworks | Investor | Company | A new investor in the financing round, supporting Enko Education's expansion. |
| Adiwale Fund I | Investor | Company | An existing investor that continues to support Enko Education's growth plan. |