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Arabian Business, Saturday, Dec 21, 2019 | Rabi Al Thani 24, 1441

Bahrain's GFH eyes deals for new $200m education platform

Bahrain: Bahrain-based GFH Financial Group (GFH) has announced the launch of Britus Education, a K-12 education platform designed to take advantage of value opportunities in the fragmented trillion dollar global private education industry.

To mark the launch, GFH and Britus Education hosted a recent education roundtable forum attended by regional and global industry experts and investors on the sidelines of the 26th Annual World Islamic Banking Conference in Bahrain.

GFH said it has already secured seed K-12 schools in the Middle East for the platform, developed a deal pipeline and plans to conclude various acquisitions in the coming months with an initial target assets of $200 million.

Britus Education will focus on investing in schools that can be further improved through maximising student capacity, enhancing student academic outcomes, and optimising fee structures to be affordable for the rapidly-expanding mid-market.

GFH said Britus Education will create a pipeline of "strong, income-generating opportunities in a defensive sector".

Hisham Alrayes, CEO of GFH Financial Group, said: “I am pleased to unveil our Britus Education platform in line with GFH’s strategy to deliver further value for our investors and shareholders and create a positive impact on the quality of education in the Middle East and globally.

"Developed and emerging markets have both seen a surge in private education during the last decade, where population growth and macroeconomic gains have supported the upward trend. The establishment of Britus Education, with an industry leading team of experts will allow us to capitalise on these factors and help our investors benefit from the industry’s growth via structured investments that take advantage of attractive opportunities we have and will continue to identify.”

Taking part on the forum panels on December 2 will be senior representatives from the Bahrain Economic Development Board, UNDP, Ministry of Education of Bahrain, Ministry of Education of Oman, Education Quality Authority of Bahrain, among others.

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