New EGP 1.75 bn fund to invest in K12 education

New EGP 1.75 bn investment fund for K12 education: A group of Egyptian banks and investors have set up a new fund dedicated to investing in K12 private schools in Egypt, according to Matouk Bassiouny & Hennawy (pdf), which provided legal advice in the transaction. The fund, which the law firm says is being spearheaded by Egyptian private equity outfit Ironwood Investments and investor Hossam Kabbani, will channel EGP 1.75 bn into Egyptian schools.

Who’s involved? The Sovereign Fund of Egypt, Misr Ins. Holding, Banque Misr, Ironwood, Kabbani, and other unspecified investors are all partnering in the fund, MBH said.

Advisors: Matouk Bassiouny & Hennawy, Helmy Hamza & Partners, Baker McKenzie Cairo, and Al Kamel Law Firm provided legal advice.