AfricInvest, a pan-African SME-focused private equity firm, is pleased to announce that its AfricInvest Fund II, along with other shareholders, has successfully concluded its exit from Brookhouse Schools Ltd (“Brookhouse”) to UK-based Educas LLC in August 2015.
Brookhouse is a private school in East Africa, providing British national curriculum co-educational day and boarding programs to pupils aged 2-19. It is based in Karen, Kenya, a suburb of the capital city Nairobi. Brookhouse caters to approximately 800 Kenyan and international students and is accredited by the Council of International Schools. It is a member of Round Square, a worldwide network of innovative schools in 40 countries across five continents, and the only East African member of the G-20 Schools, an “invite only” association of the world’s 50 leading schools.
Since its investment in 2010, AfricInvest, along with the other investors and management, has helped to improve governance and transform Brookhouse from a family-run and owned school to a professionally- managed top tier educational institution, laying the groundwork for continued growth in the future. During this time, the school has upgraded and expanded its campus, hosted the first-ever Kenyan presidential debate and has sent its graduates to world-renowned universities across the globe.
“AfricInvest is proud to be part of Brookhouse’s history. The school has strong leadership and faculty, world-class facilities, and the student numbers have continued to grow without compromising on the quality of academic excellence. This has collectively contributed towards the strong financial viability and the sustainability of the institution. After five years of partnership, we are pleased to pass on our custodial role to an educational-focussed group that has the ability to help the school continue to build its legacy” said George Odo, a Senior Partner & MD for AfricInvest’s East Africa operations, and former Brookhouse Board member.
Skander Oueslati, Senior Partner & Co-head of AfricInvest’s Sub Sahara Africa business and former Brookhouse Board member noted,“This transaction highlights the important role that private equity can play in the in the development of strong businesses in East Africa, including in the education sector. AfricInvest is proud to have contributed to the development of Brookhouse, laying the ground for future growth in Kenya and beyond while emphasizing sustainability and good governance. We wish Brookhouse continued success.”
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