Abraaj Inks Partnership with Egypt's Tiba in Second Education Investment

Sep 30 2015 | 5:23pm ET

Leading growth market private equity firm Abraaj Group has announced a partnership with Tiba Group, an education service provider in Egypt, and the formation of an education management company that provides management support services to educational institutions in Egypt.

The partnership with Tiba was done through Abraaj’s second generation North Africa Fund (ANAF II), which closed in August after raising $375 million. The deal is Abraaj’s second investment in the education sector in Egypt, and its fifth globally. The new partnership also marks the seventh investment by the fund.

Founded in 1990 by Dr. Dr. Seddik Afifi, Tiba is a vertically integrated education provider in Egypt with a university, three academies and three K-12 schools. As part of its investment strategy for the Middle East and North Africa region, Abraaj invests in resilient sectors such as education. 

In Egypt, the education sector is experiencing rising demand, driven by favorable demographics and a growing aspirational population keen to invest in high quality education for their children. With a population of 87 million, Egypt is the most populous nation in the Middle East and North Africa region, and had more than 20 million enrolled students nationwide in its latest academic year, 18.3 million of whom are in K-12 schools. 

Abraaj and Tiba’s management team will focus on enhancing its curricula and brand to increase enrollment, upgrading facilities, and expanding partnerships with potential employers to increase job placements for its university and academy students.

“Our collaboration with Tiba represents a unique partnership with Egypt’s leading education group who share our vision of providing high quality, relevant and accessible education to a growing student body in Egypt,” noted Ahmed Badreldin, partner and regional head of Middle East and North Africa for Abraaj, in a statement. “We look forward to applying our global experience in the education sector to expand the company into new markets and augment quality and educational standards for the benefit of students, faculty and parents.”

Abraaj has helped pioneer the development of the private equity industry in North Africa and has been investing in the region since 2006, with 96% of its investments in the region sourced by local teams. In Cairo, Abraaj has three investments: the North Africa Hospital Holdings Group, technology solutions provider OMS, and leading education group CIRA.

Headquartered in Dubai, the Abraaj Group is a leading private equity investor focused on the growth markets of Africa, Asia, Latin America, the Middle East, and Turkey. The firm has more than 20 offices spread across five regions with hubs in Istanbul, Mexico City, Nairobi and Singapore. The firm manages approximately $9 billion across regional, sector and country-specific funds.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of