Private equity manager AfricInvest announced that, together with other investors, it has exited its stake in Brookhouse Schools to Educas, a UK-based education investment company. The transaction was structured through AfricInvest Fund II. Financial terms of the deal were not disclosed.
AfricInvest originally invested in the Kenyan private school in 2010, since when the private equity manager, together with other investors and management, have improved governance and transformed the school from a family-run school to a professionally managed top-tier educational institution, well-positioned for continued growth.
Commenting on the transaction, George Odo, the Managing Director for AfricInvest’s East African operations said, “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.”
Brookhouse offers the British national curriculum in 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.