EFG Hermes continues its leading position globally, with exceptional performance across all geographies in which it operates and covers, consistently leading some of the world’s most prestigious research surveys.
EFG Hermes’ Private Equity Division’s K-12 education vehicle entered into definite agreements with TMG to acquire a portfolio of schools in an EGP1 billion investment. As part of a strategic alliance to develop and operate new national and international schools in the cities of Madinaty and Al Rehab in Egypt, GEMS Education will take over the exclusive operatorship and management of the schools.
With Orascom Construction’s contribution, the project will benefit from an additional EGP 15 million increase in budget; with a focus on upgrading infrastructure, providing educational opportunities, economic empowerment and job creation for the residents of Naga’ El Fawal and El Deir Village in Luxor, Upper Egypt.
The new platform will aim to establish a sizeable portfolio of private national and international schools across key cities in Egypt over the next five years via mix of acquisitions, brownfield and greenfield investments, which will be exclusively operated by GEMS Education, one of the world’s leading providers of private English language education for kindergarten to twelfth grade students.
Driven by strong growth in the non-bank financial platform, the expansion into new geographies and products as well as the buy-side platform’s solid performance.
The new venture, scheduled to be fully operational by Q3 2018, will offer a comprehensive suite of factoring services for both domestic and international transactions and delivers on the Firm’s product and revenue diversification strategy
EFG Hermes' annual One on One will see top management from more than 170 companies from 26 countries meeting face-to-face with 518 institutional investors managing assets in excess of USD 8 trillion.
Opening of representative office follows multiple successful EFG Hermes-led investor visits to one of the world’s fastest-growing economies.
The conference brings together representatives from top global financial institutions and institutional investors with aggregate assets under management exceeding USD 10 trillion.
The new launch reflects the Firm’s commitment to its product diversification strategy and reinforces its positioning in the Egyptian market. The venture will provide innovative solutions to consumers through a world-class Fintech platform.
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