{"id":605725,"date":"2023-09-05T00:00:00","date_gmt":"2023-09-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/05\/africinvest-to-invest-usd-40-mn-in-british-university-in-egypt\/"},"modified":"2023-09-05T00:00:00","modified_gmt":"2023-09-05T00:00:00","slug":"africinvest-to-invest-usd-40-mn-in-british-university-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/05\/africinvest-to-invest-usd-40-mn-in-british-university-in-egypt\/","title":{"rendered":"AfricInvest to invest USD 40 mn in British University in Egypt"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong> AfricInvest buys into BUE: <\/strong>Pan-African private equity firm <a target=\"_blank\" href=\"https:\/\/www.africinvest.com\/\" style=\"\" rel=\"noopener\">AfricInvest<\/a> is investing USD 40 mn (EGP 1.2 bn) in British University in Egypt (BUE) to boost the university\u2019s growth plans, <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/9\/146.pdf\" style=\"\" rel=\"noopener\">BUE (pdf)<\/a> and the <a target=\"_blank\" href=\"https:\/\/bit.ly\/47XmmJJ\" style=\"\" rel=\"noopener\">cabinet<\/a> said in separate statements yesterday. The investment will be made through a capital increase; the founding Khamis family will remain the majority shareholder of the university, the statement reads, without disclosing the size of the stake AfricaInvest is purchasing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Is AfricInvest getting a 25% stake? <\/strong>A local media report <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7404f317-8caf-423a-b5b1-720b452c899e\" style=\"\" rel=\"noopener\">back in April<\/a> said the PE firm was eyeing a 25% stake in BUE in return for an investment of more than EGP 1 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Big ticket: <\/strong>The investment \u201cwould be one of Egypt's largest foreign direct investments in education to date,\u201d the statement reads. It also marks AfricInvest\u2019s first investment in Egypt\u2019s education sector, and third in the country after Masria Digital Payments and Carbon Holdings, according to its website.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Where the money\u2019s going: <\/strong>The capital injection will help the university expand its existing faculties, establish new ones, diversify its curriculum, and implement \u201cenhanced governance tools,\u201d per the statement. AfricaInvest will also help BUE expand beyond the local market through partnerships \u201cin Africa and the region.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> What\u2019s next: <\/strong>The transaction still needs sign-off from regulators, the statement reads. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> What they said: <\/strong>\"This injection of capital, with ongoing support from the Egyptian government, will allow us to further the legacy of our founder \u2014 my late father, Mr. Mohamed Farid Khamis \u2014 by broadening the capabilities and academic reach of the university to ensure our leading role amongst educational institutions, not just in Egypt, but in the Middle East and Africa,\u201d said Farida Khamis, chair of BUE\u2019s board of trustees. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Advisors: <\/strong>Zilla Capital acted as the sole financial advisor to BUE on the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The transaction is one of Egypt\u2019s largest-ever foreign direct investments in education, according to BUE<\/p>\n","protected":false},"author":1,"featured_media":605726,"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":[7272],"tags":[2157,11555,73,72,11556,125,7128,758,1474],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-605725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-africinvest","tag-british-university-in-egypt","tag-education","tag-enterpriseam","tag-farida-khamis","tag-investment-watch","tag-ma-watch","tag-private-equity","tag-zilla-capital","wpautop","entry"],"acf":{"mongo_id":"76bd2a60-24c4-4435-b4f0-af43d3930ad5","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/9\/148.jpg","photo_position":"above","homepage_title":"","full_issue_title":"AfricInvest to invest USD 40 mn in British University in Egypt","related_issue":[605718],"teaser":"The transaction is one of Egypt\u2019s largest-ever foreign direct investments in education, according to BUE","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/9\/.02a4c57a-5695-4465-9fd1-5b7ee17345a2.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The transaction will be concluded in two phases: first by\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":584962,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/09\/nadia-el-tawil-joins-africinvest-group-plus-farouk-to-continue-as-egypt-post-chairman\/","url_meta":{"origin":605725,"position":4},"title":"Nadia El-Tawil joins AfricInvest Group. PLUS: Farouk to continue as Egypt Post chairman","author":"enterpriseam admin","date":"9 April 2023","format":false,"excerpt":"Farouk remains in office following board shuffle","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/343.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548844,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/24\/adtech-startup-arabyads-closes-usd-30-mn-pre-series-b-round\/","url_meta":{"origin":605725,"position":5},"title":"Adtech startup ArabyAds closes USD 30 mn pre-Series B round","author":"enterpriseam admin","date":"24 August 2022","format":false,"excerpt":"Egypt-born adtech startup ArabyAds secured USD 30 mn in a pre-Series B round from pan-African investment platform AfricInvest, it said in a press release (pdf). The company will use the funds to develop its tech and increase its head count, according to the statement.About ArabyAds: Founded in 2013 by Mahmoud\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/371.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\/605725","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=605725"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/605725\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/605718"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/605726"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=605725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=605725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=605725"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=605725"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=605725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}