NBK Capital invests in an Egyptian education asset

By Allan Cunningham | Africa Capital Digest December 9, 2016

NBK Capital Partners, a private equity firm headquartered in Dubai, is investing in Kaumeya Language School, a K through 12 language school based in Alexandria, Egypt that offers its students Egyptian, British and American Diploma curricula. The financial terms of the investment were not disclosed.

The European Bank for Reconstruction and Development is also providing financing. The school plans to use the capital to expand its current campus, upgrade facilities and modernize its classrooms in order to improve student academic and personal experience.

The deal is the sixth education investment made by NBK Capital Partners through its four funds which target opportunities in consumer-centric middle market companies in the Middle East and North Africa. In June this year, the firm held a $110 million first close for its second mezzanine fund, garnering commitments from institutional investors and family offices.

Matouk Bassiouny provided NBK Capital Partners with legal advice for the transaction. Arqaam Capital and Alliance Law Firm acted as financial advisor and legal advisor respectively to the founders of Kaumeya Language School.

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