Alternative asset management advisory firm Investbridge Capital has helped to arrange a $20m investment by conglomerate Dubai Investments into Africa Crest Education Holdings (ACE).
Dubai Investment, a public joint stock company listed on the Dubai Financial Market, will join a number of existing investors in the education body, including IBC and Centum.
ACE was established in 2016 to promote education across Africa through schools managed by Sabis, the global education management company.
Initial projects are planned to take place in Kenya, Egypt, South Africa, Uganda and Morocco. The Kenya project is currently under construction and is due to open in 2018.
“[Dubai Investment’s] investment in ACE confirms that strong and robust business execution strategies in the education sector, based on the fundamentals, matched with deeply experienced partners and a well-structured project pipeline will attract the very best institutional investor base,” said Mark DeSartio, Investbridge chief executive and ACE board member.
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