Shearman & Sterling advise EFG Hermes on first close of Egypt Education Fund

Global law firm Shearman & Sterling were legal advisers to EFG Hermes on the successful first close of its Egypt Education Fund, with the second close expected to be completed in 2019, the Global Legal Chronicle tells us. The DIFC-based fund, which forms part of a USD 300 mn joint venture platform established in partnership with Dubai’s GEMS Education, seeks to raise up to USD 150 mn in capital commitments for investment in K-12 schools in Egypt.