{"id":659641,"date":"2025-01-30T00:00:00","date_gmt":"2025-01-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/30\/efg-hermes-backed-spark-education-platform-acquires-majority-stake-of-riyadhs-qimam-el-hayat-intl-school\/"},"modified":"2025-01-30T00:00:00","modified_gmt":"2025-01-30T00:00:00","slug":"efg-hermes-backed-spark-education-platform-acquires-majority-stake-of-riyadhs-qimam-el-hayat-intl-school","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/30\/efg-hermes-backed-spark-education-platform-acquires-majority-stake-of-riyadhs-qimam-el-hayat-intl-school\/","title":{"rendered":"EFG Hermes-backed Spark Education Platform acquires majority stake of Riyadh\u2019s Qimam El Hayat Int\u2019l School"},"content":{"rendered":"

EFG Hermes-backed K-12 operator <\/strong>Spark Education Platform (SEP)<\/a><\/strong> inked definitive<\/strong> agreements to acquire a majority stake in Riyadh\u2019s <\/strong>Qimam El Hayat International School<\/a><\/strong>, it said in statement (pdf)<\/a>. There\u2019s no publicly available information about the transaction size. <\/p>\n

Refresher: <\/strong>SEP is backed by the USD 300 mn Saudi Education Fund (SEF)<\/a>, which was launched in November 2024 by our friends at EFG Hermes. SEF plans to deploy its capital over the next three years, with a primary focus on the Kingdom, alongside its ventures in the UAE and Bahrain. The fund previously acquired seven schools under the Britus Education brand, four of which are in the Kingdom.<\/p>\n

The rationale:<\/strong> \u201cThis move, coupled with our recently announced acquisition of four additional schools in Riyadh, positions SEP as a major player in the Saudi education sector,\u201d SEP CEO Ahmed Wahby said. The transaction will increase \u201cSEP\u2019s portfolio to eight schools with over 10k enrolled students spreading across KSA, UAE, and Bahrain,\u201d he added. The fund was launched to address the rising demand for private education, driven by a rapidly expanding student population expected to more than double under Saudi Arabia's Vision 2030. <\/p>\n

What\u2019s next? <\/strong>The move includes relocating the school to a new fit-for-purpose campus and boosting the K-12 institution\u2019s student-capacity by 50% to 4.5k with the addition of launching two new buildings.<\/p>\n","protected":false},"excerpt":{"rendered":"

SEP is backed by the EFG Hermes USD 300 mn Saudi Education 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Hermes-backed Spark Education Platform acquires majority stake of Riyadh\u2019s Qimam El Hayat Int\u2019l School","related_issue":[659629],"teaser":"SEP is backed by the EFG Hermes USD 300 mn Saudi Education Fund","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.af761afc-02ce-4c4a-b3c1-2bf60742b737.mp3"},"yoast_head":"\nEFG Hermes-backed Spark Education Platform acquires majority stake of Riyadh\u2019s Qimam El Hayat Int\u2019l School - 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\/2025\/01\/30\/efg-hermes-backed-spark-education-platform-acquires-majority-stake-of-riyadhs-qimam-el-hayat-intl-school\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG Hermes-backed Spark Education Platform 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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":659599,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/29\/customs-authority-to-release-imported-passenger-cars-that-violated-govt-rules\/","url_meta":{"origin":659641,"position":3},"title":"Customs Authority to release imported passenger cars that violated gov\u2019t rules","author":"enterpriseam admin","date":"29 January 2025","format":false,"excerpt":"Good afternoon folks, and happy Wednesday. The presses are churning at a rapid clip this morning as regional M&A headlines and (even more) AI drama kick off your news and views roundup for today.THE BIG STORY TODAY #1- Gov\u2019t to release all cars held at ports over ACI violations: The\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\/2025\/1\/2186.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":659641,"position":4},"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":[]},{"id":590648,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/30\/efg-gems-jv-acquires-majority-stake-in-egypts-option-travel\/","url_meta":{"origin":659641,"position":5},"title":"EFG, GEMS JV acquires majority stake in Egypt\u2019s Option Travel","author":"enterpriseam admin","date":"30 December 2019","format":false,"excerpt":"M&A WATCH- EFG, GEMS JV acquires majority stake in Egypt\u2019s Option Travel: GEMS Egypt for Education Services, a joint fund between EFG Hermes\u2019 Egypt Education Fund and Gems Education, has completed the acquisition of a majority stake in leading transportation provider Option Travel, EFG said in a press release (pdf).\u2026","rel":"","context":"In "Speed Round"","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/659641","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=659641"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/659641\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/659629"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/659642"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=659641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=659641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=659641"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=659641"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=659641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}