UK-based Inspired to acquire part of GFH’s educational portfolio in the GCCDecember 6, 2017, 8:00 am GMT
Bahrain-based GFH Financial Group has signed an education agreement valued at up to USD150 million with Inspired, a UK-based global group of premium schools operating in Europe, Africa, Latin America and Australia. Inspired will acquire part of GFH's educational portfolio in the GCC which has been built over the past four years and is valued at USD300 million.
GFH's private equity and asset management portfolio includes the British School of Bahrain, AMA International School, and AMA International University in Bahrain, and the Philadelphia Private School and Sheffield Private School in UAE.
Hisham Al Rayes, CEO of GFH, said, "We are pleased to announce this agreement with Inspired who has an enviable track record of operating leading premium schools across four continents. Their network and experience will add significant value to the schools including offering both students and teachers opportunities to take part in exchange programmes and to benefit from the latest programmes to enhance the level of education and create a unique learning environment in the region."
Nadim Nsouli, founder and group chairman of Inspired, added, "This agreement marks the entry point of Inspired in the region. Inspired is focused on making the British School of Bahrain the leading school in the GCC and will evaluate other school acquisitions in the region with GFH."