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Arabian Business, Saturday, Dec 21, 2019 | Rabi Al Thani 24, 1441
Bahrain's GFH eyes deals for new $200m education platform
Bahrain:
Bahrain-based GFH Financial Group (GFH) has announced the launch
of Britus Education, a K-12 education platform designed to take advantage of
value opportunities in the fragmented trillion dollar global private education
industry.
To mark the launch, GFH and Britus Education hosted a recent education
roundtable forum attended by regional and global industry experts and investors
on the sidelines of the 26th Annual World Islamic Banking Conference in Bahrain.
GFH said it has already secured seed K-12 schools in the Middle East for the
platform, developed a deal pipeline and plans to conclude various acquisitions
in the coming months with an initial target assets of $200 million.
Britus Education will focus on investing in schools that can be further improved
through maximising student capacity, enhancing student academic outcomes, and
optimising fee structures to be affordable for the rapidly-expanding mid-market.
GFH said Britus Education will create a pipeline of "strong, income-generating
opportunities in a defensive sector".
Hisham Alrayes, CEO of GFH Financial Group, said: “I am pleased to unveil our
Britus Education platform in line with GFH’s strategy to deliver further value
for our investors and shareholders and create a positive impact on the quality
of education in the Middle East and globally.
"Developed and emerging markets have both seen a surge in private education
during the last decade, where population growth and macroeconomic gains have
supported the upward trend. The establishment of Britus Education, with an
industry leading team of experts will allow us to capitalise on these factors
and help our investors benefit from the industry’s growth via structured
investments that take advantage of attractive opportunities we have and will
continue to identify.”
Taking part on the forum panels on December 2 will be senior representatives
from the Bahrain Economic Development Board, UNDP, Ministry of Education of
Bahrain, Ministry of Education of Oman, Education Quality Authority of Bahrain,
among others.
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