Finance

TPG Growth and Satya Capital have their first investment in Morocco, with the Yassamine schools

Friday, 18 September 2015 04:40

The TPG/Satya joint venture announced on Thursday 17th September 2015, its very first commitment in Africa, realised through a final agreement to invest in the Yassamine schools, an organisation presented as the biggest private school network in Morocco. Though a minority shareholder, the initiative should provide a growth capital and give the school complex, the capacity to develop and improve the quality of its offers, as well as exporting its savoir-faire to other countries in the region.

Satya Capital, company founded and chaired by African billionaire Mo Ibrahim, and TPG Growth, platform of capital investor TPG Group focused on investments in capital-development for medium-sized enterprises, announced the launch of this partnership on 18th June 2015, specifying that it was intended for the promotion of investment in Africa.

Choosing Morocco was an evidence for them. "Morocco is experiencing one of the highest growth rates in Africa, and with this comes a growing demand for quality education. By investing in Écoles Yassamine, we have found a partner with a unique position to meet this growing demand", declared Tsega Gebreyes, Associate Director of TPG/Satya, commenting on this news.

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