In backing Inspired, a global education business, TA Associates, a Boston-headquartered private equity firm is making its second deal this year with African connections. Inspired, which has an office in Johannesburg, operates the Reddam House and Reddford House groups in South Africa and Brookhouse School in Kenya. Terms of the deal, which is being described as a significant strategic growth investment, were not disclosed.
Established by Educas, an education investment firm founded in 2013 by former Providence Equity partner Nadim Nsouli, Inspired has grown rapidly through a mix of acquisitions and new school development to operate 27 schools and 5 early learning establishments in Europe, Australia, Latin America and Africa. Today, the co-educational, non-denominational, independent school group educates about 19,000 pupils between the ages of 1 and 18.
“We believe this investment represents a unique opportunity to build on Inspired’s record of significant growth and development since its founding only four years ago,” said Christopher Parkin, a Managing Director at TA Associates who will join the company’s Board of Directors. “Importantly, we believe Inspired’s educational facilities and teaching models for young students in various markets around the globe have paved the way for future growth opportunities. We are pleased to support Inspired as it embarks on its next phase and look forward to working closely with Nadim and the entire Inspired team.”
Inspried’s existing shareholders Oakley Capital, the Oppenheimer family, the Mansour Group, Genesis Capital and Graeme Crawford (the founder of Reddam House) will continue to hold stakes in Inspired. Nadim Nsouli remains as the company’s lead investor.