Specialist private equity investment firm Actis has launched a $275 million higher education platform for Africa. Honoris United Universities, as the new platform has been branded, currently serves 27,000 students at 48 campuses in 9 countries, numbers it expects to grow significantly as enrollment rises and more institutions are acquired and added to the platform.
Honoris will be made up of a number of Actis existing and planned education assets. The firm made its first education investment in Africa in late 2014, backing Université Centrale Groupe, a post-secondary education in Tunisia, before going on to build out its North African presence by investing in Morocco’s Université Mundiapolis in 2016. Other in-train transactions, that are awaiting regulatory approval will also become part of the new platform once they complete. These include Ecole Marocaine des Sciences de l’Ingénieur or EMSI, a large private engineering school and the Management College of Southern Africa and the REGENT Business School, both important distance learning institutions in South Africa.
Honoris aims to offer more than 100 degrees in a variety of fields including Health Sciences, Engineering, IT, Business, Law, Architecture, Arts and Design, Media, Education and Political Science and will be headed by Luis Lopez as the new CEO. He comes to Honoris following a career at Laureate International Universities.