Egypt sovereign fund-backed education platform inks M&A

 Egypt sovereign fund-backed education platform inks M&A

Egypt Education Platform (EEP), a platform created by EFG Hermes and backed by The Sovereign Fund of Egypt (TSFE), has agreed to acquire a majority stake in Trillium and Petals Montessori Preschools.

The target entities began operations in 2011 and have eight branches providing early childhood education across Cairo. The EEP didn’t disclose financial details of the transaction.

Ahmed Wahby, CEO of Egypt Education Platform, said the investment in Trillium and Petals Preschools will “strongly complement” its education offering and falls within its strategy to deliver on its commitment of providing the best possible educational services in scalable formats across different geographies.

Egypt Education Platform was established three years ago. It is backed by a diversified group of regional and global institutional investors including EFG Hermes and TSFE. Its portfolio currently comprises 11 schools at various stages of development with a combined capacity reaching around 20,000 students.

The platform operates in the Egyptian market under four different verticals and brand names including GEMS International Schools, Hayah Schools and Premium National Schools. It also has investments in complimentary services like student transportation, which is rendered through the platform’s majority owned Option Travel.

“EEP’s solid focus on the quality of the educational service provided across their school network helped build trust amongst its families over the past few years and it is this feature along with their clear vision, diversity, and expertise that has worked well for us at Trillium,” said Sherine Ibrahim, founder and CEO of Trillium and Petals Preschools.

The integration of Trillium and Petals with EEP will represent the platform’s fifth operating vertical in the Egyptian market, added Wahby.

EEP is separately continuing with its expansion efforts in the Egyptian education sector and is currently in advanced discussions on several new strategic investments.

Last year, TSFE had separately backed another education platform called Lighthouse Education.

Vivek Sinha

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