Finance

StonePine ACE Partners and CI Capital pump $73 mln in Egypt’s teaching platform Taalem

Tuesday, 05 November 2019 19:11
StonePine ACE Partners and CI Capital pump $73 mln in Egypt’s teaching platform Taalem

(Ecofin Agency) - Taaleem Management Services Company (Taaleem), an Egyptian higher education platform that manages the local private university Nahda University in Beni Suef (NUB), will receive an equity investment of EGP1.2 billion, or $73 million. Monies will be provided by the Egyptian financial services group CI Capital Holding and StonePine ACE Partners Limited, a joint venture set up by StonePine Capital Partners, a Dubai-based asset manager, and ACE & Company SA, a private equity group based in Geneva and managing assets of around $900 million.

The transaction allows CI Capital Holding and StonePine ACE Partners Limited to strengthen their shareholdings in the Egyptian Taaleem facility. They recently (in September 2019) acquired a 60% interest in Taaleem's capital for an investment of $73.6 million. The acquisition was completed through StonePine ACE Fund, an investment fund owned by StonePine Capital Partners and ACE & Company SA.

Youssef Haidar (pictured), founder and CEO of StonePine Capital Partners, said: “We are pursuing our investment strategy of partnering with leading regional investment companies to target attractive assets in our sectors of interest. We believe in the Egyptian market and in an extremely attractive higher education sector. We believe that our partnership with CI Capital will provide excellent returns to our investor base.

Chamberline Moko   



 
Telecom


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.