Debt Sidecar for University Holding Company in Kenya

Delphos assisted Maarifa Edu Holdings Ltd (“Maarifa”) in obtaining a $50 million loan commitment from the Overseas Private Investment Corporation (“OPIC”). Maarifa is an education holding company, whose purpose is to acquire tertiary education institutions throughout sub-Saharan Africa. Upon acquiring them, Maarifa provides operational oversight and capital injections to grow the institutions and increase the quality of education delivered. The $50 million debt facility will be used to support growth at universities, specifically through improving the facilities and IT infrastructure. At the time of commitment, Maarifa was wholly-owned by a fund of Emerging Capital Partners (“ECP”), a leading pan-African private equity firm.

Details

Category

  • Social Infrastructure

Client Name

Maarifa Edu Limited

Services Provided

  • Capital Raising

Region

  • Sub-Saharan Africa

Country

  • Kenya