{"id":550161,"date":"2022-10-17T03:57:44","date_gmt":"2022-10-17T03:57:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/17\/eep-acquiring-majority-stake-in-selah-el-telmeez\/"},"modified":"2022-10-17T03:57:44","modified_gmt":"2022-10-17T03:57:44","slug":"eep-acquiring-majority-stake-in-selah-el-telmeez","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/17\/eep-acquiring-majority-stake-in-selah-el-telmeez\/","title":{"rendered":"EEP acquiring majority stake in Selah El Telmeez"},"content":{"rendered":"

<\/a> Student lifeline <\/strong>Selah El Telmeez<\/a><\/strong> is going to have a new majority owner: <\/strong>EFG Hermes and the Sovereign Fund of Egypt\u2019s (SFE) education management firm Egypt Education Platform (EEP) has inked an agreement to acquire an undisclosed majority stake in education platform Selah El Telmeez (SET), according to a statement (pdf)<\/a>. The SFE will separately acquire a minority stake in Selah El Telmeez, the statement said. EEP Communications Director Amr Sherif declined to disclose size of the stakes or value of the transaction when asked by Enterprise, noting that the transfer of shares is still in progress.<\/p>\n

Selah El Telmeez is a national treasure: <\/strong>It\u2019s the leading resource for K-12 students across a variety of subjects, offering assistance to those struggling with the national curriculum and providing learning guides that mns of families across the nation rely on. Along with its staple learning guides, the company is also behind a number of Egyptian book franchises and recently launched a mobile app<\/a> offering students interactive games and educational videos.<\/p>\n

The acquisition will help Selah El Telmeez expand digitally: <\/strong>EEP is committed to helping SET realize its growth potential by expanding its footprint of education content and teaching resources, EEP CEO Ahmed Wahby said in the statement. \u201cWe aim to accelerate the company\u2019s digital transformation to unlock new innovative learning solutions,\u201d he added.<\/p>\n

The acquisition also aims to widen the platform\u2019s market share<\/strong>: <\/strong>\u201cSelah El Telmeez does not currently target international schools, so we are keen on giving them access to international schools, starting with the schools in our own portfolio, to really deploy their digital learning platform,\u201d Sherif told Enterprise. \u201cWe\u2019re looking at governorates where Selah El Telmeez is not yet dominant, and exploring how to expand and widen market share in those areas,\u201d he added.<\/p>\n

No changes at the top: <\/strong>SET will continue to hold on to its individual brand, with Waleed Hamdy as its CEO and Mostafa Hamdy as co-CEO, the statement read.<\/p>\n

ADVISORS- <\/strong>EEP tapped White & Case as legal advisor, while Adsero-Ragy Soliman and Partners was counsel to the SFE. Al Tamimi & Co had sell-side duties.<\/p>\n","protected":false},"excerpt":{"rendered":"

Student lifeline Selah El Telmeez is going to have a new majority owner: EFG Hermes and the Sovereign Fund of Egypt\u2019s (SFE) education management firm Egypt Education Platform (EEP) has inked an agreement to acquire an undisclosed majority stake in education platform Selah El Telmeez (SET), according to a statement (pdf). The SFE will separately […]<\/p>\n","protected":false},"author":1,"featured_media":550162,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7363],"tags":[73,84,174,72,7128,370],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-550161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-education","tag-efg-hermes","tag-egypt-education-platform","tag-enterpriseam","tag-ma-watch","tag-sovereign-fund-of-egypt","wpautop","entry"],"acf":{"mongo_id":"cbffe088-9875-4d21-8fcf-c61e545f9c53","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/10\/241.jpg","photo_position":"above","related_issue":[550157],"teaser":"","voice_url":""},"yoast_head":"\nEEP acquiring majority stake in Selah El Telmeez - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/17\/eep-acquiring-majority-stake-in-selah-el-telmeez\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EEP acquiring majority stake in Selah El Telmeez\" \/>\n<meta property=\"og:description\" content=\"Student lifeline Selah El Telmeez is going to have a new majority owner: EFG Hermes and the Sovereign Fund of Egypt\u2019s (SFE) education management firm Egypt Education Platform (EEP) has inked an agreement to acquire an undisclosed majority stake in education platform Selah El Telmeez (SET), according to a statement (pdf). 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Saybad\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/268.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578967,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/local-bmw-assembly-is-back-courtesy-of-global-auto-group\/","url_meta":{"origin":550161,"position":1},"title":"Local BMW assembly is back, courtesy of Global Auto Group","author":"enterpriseam admin","date":"19 January 2023","format":false,"excerpt":"AUTOMOTIVE- BMWs are now being assembled in Egypt for the first time in almost five years: Global Auto Group \u2014 the new agent and importer for BMW in Egypt \u2014 has begun assembling BMWs in Egypt, Chairman Fahad Alghanim said during a presser yesterday, according to Al Mal. The company\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/335.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":699216,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/05\/06\/egypt-education-platform-files-to-list-199-4-mn-shares-on-the-egx\/","url_meta":{"origin":550161,"position":2},"title":"Egypt Education Platform files to list 199.4 mn shares on the EGX","author":"enterpriseam admin","date":"6 May 2026","format":false,"excerpt":"The private-sector vehicle counts the Sovereign Fund of Egypt and EFG Hermes among its anchor investors","rel":"","context":"In "The Big Story Today"","block_context":{"text":"The Big Story Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-big-story-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/7\/925.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553013,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/16\/this-evening-eep-is-acquiring-a-majority-stake-in-selah-el-telmeez-one-finance-launches-consumer-finance-services-plus-xi-addresses-communist-party-congress\/","url_meta":{"origin":550161,"position":3},"title":"THIS EVENING: EEP is acquiring a majority stake in Selah El Telmeez + One Finance launches consumer finance services. Plus: Xi addresses Communist Party Congress","author":"enterpriseam admin","date":"16 October 2022","format":false,"excerpt":"Good afternoon, wonderful people. We\u2019re hitting the ground running at the start of the week as we jump straight into what is shaping up to be a busy news week.THE BIG STORIES TODAY Student lifeline Selah El Telmeez is preparing to welcome a new majority owner: EFG Hermes and Sovereign\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":609282,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/02\/efg-hermes-backed-education-firm-could-enter-saudi-market-plus-vortex-has-so-far-invested-eur-300-mn-in-ignis\/","url_meta":{"origin":550161,"position":4},"title":"EFG Hermes-backed education firm could enter Saudi market. PLUS: Vortex has so far invested EUR 300 mn in Ignis","author":"enterpriseam admin","date":"2 November 2023","format":false,"excerpt":"EEP could roll out its own brands in KSA or acquire and invest in new brands","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/72.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":655462,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/19\/efg-hermes-launches-usd-300-mn-saudi-education-fund-acquires-schools-across-the-gcc\/","url_meta":{"origin":550161,"position":5},"title":"EFG Hermes launches USD 300 mn Saudi Education Fund, acquires schools across the GCC","author":"enterpriseam admin","date":"19 November 2024","format":false,"excerpt":"SEF has acquired a total of seven Britus Education schools from GFH Financial Group","rel":"","context":"In "Education"","block_context":{"text":"Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1693.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/550161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=550161"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/550161\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/550157"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/550162"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=550161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=550161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=550161"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=550161"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=550161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}