AfricInvest invests in International Community School, Ghana

06 Jun 2017

AfricInvest, a leading pan-African mid-cap-focused Private Equity firm, is pleased to announce that its AfricInvest Private Equity Fund III has invested in International Community School Limited (ICS), a leading private K-12 school in Ghana.

Through its investment, AfricInvest aims to support the growth of ICS by upgrading its facilities and funding its other expansion plans to re-enforce the success of the school in both its Kumasi and Accra locations. ICS expects to draw from AfricInvest’s accumulated experience and knowledge in the education sector to become a leading K- 12 international institution in Ghana and West Africa.

Commenting on the investment, Dr. Charles Yeboah, Chief Executive Officer of ICS, said “We are very excited to partner with such a reputable firm as AfricInvest to realize our growth plan. ICS has an ambitious goal of becoming a leading international school in West Africa, with an extended footprint in Ghana and beyond. We needed a great partner like AfricInvest to assist in reaching that end."

Ismail Talbi, Partner, AfricInvest, said “AfricInvest is proud to be part of International Community School’s family and excited about the opportunity to work with such visionary entrepreneurs. AfricInvest’s investment will contribute to reinforcing ICS’s leading positioning in Ghana and West Africa. It will help the school to upgrade its facilities according to world-class standards, secure international accreditations, build a new campus in Accra and grow its student numbers while continuing the focus on the academic excellence and affordability of the school.”

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For more information, please contact:

Ann Wyman
Investor Relations, AfricInvest
+216 71 189 800

Dr Charles Yeboah
Chief Executive Officer, ICS
+233 2444 62527

 

Notes to Editors:

About International Community School

ICS is one of the leading private K-12 schools in Ghana, an independent co-educational institution founded in 2000 by Dr. Charles Yeboah and his wife, Mrs. Matilda Yeboah. Operating three campuses with over 1,200 students in the cities of Kumasi and Accra, ICS adopts the British system of education and prides itself in producing outstanding performance. It aims for its students to be well-rounded, fostering tolerance and understanding while promoting a diversified program of extra-curricular activities to ensure development of the whole child. http://www.icsghana.org

About AfricInvest

AfricInvest was founded in 1994 and is today among the leading private equity firms in North and Sub- Saharan Africa with over US$1bn of assets under management across 16 PE funds and sponsored by prestigious DFIs, private and institutional investors. The firm has made 136 investments over the course of its history, and relies on a team of 60 highly skilled investment professionals with over 130 years of cumulative PE experience. AfricInvest operates out of eight offices in Tunis, Casablanca, Algiers, Lagos, Abidjan, Nairobi, Paris and London.

AfricInvest Group is the co-founder of the African Private Equity and Venture Capital Association and the Emerging Markets Private Equity Association (www.empea.org), and member of the Euromed Capital Forum (www.euromed-capital.com). www.africinvest.com

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