Investment firm Fajr Capital has led a consortium to buy a minority stake in GEMS Education, a UAE-headquartered company that runs more than 50 schools around the world as well as a consulting practice and a charity.
Dubai-based Fajr Capital, shareholders in which include sovereign funds from Abu Dhabi, Brunei and Malaysia, teamed up with Bahraini sovereign fund Mumtalakat and private equity group Blackstone to back GEMS’ operations in the Middle East, North Africa and East Asia.
After announcing the deal, Fajr Capital chief executive Iqbal Khan talked to EMEA Finance editor Tim Burke about the investment and plans to grow GEMS’ business.
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