The corporate which arrange its first college in East Africa – the GEMS worldwide College Nairobi – in 2013, acquired Hillcrest Worldwide Faculties in 2019. It now says that it had reached an settlement with an area firm Braeburn Faculties Restricted to switch possession of the colleges to the Nairobi primarily based firm.
The elite college institution stated in January it had reached an settlement to promote its Hillcrest model it acquired solely three in the past to Braeburn, one of many oldest worldwide college firms in East Africa, and which runs faculties in Kenya and Tanzania.
“The sale transaction is topic to numerous situations, together with due diligence by Braeburn, negotiation of formal agreements, and the events acquiring all regulatory approvals, together with these from the Ministry of Schooling and the Competitors Authority of Kenya,” stated Terry Childs, Braeburn’s founder and chairman.
“The sale transaction is topic to numerous situations”
Following the deal, the group which additionally owns Braeside model will purchase the Hillcrest that features early, preparatory and secondary faculties, and won’t change the model title, in response to Childs.
“College students, dad and mom, and our staff can stay up for a easy transition and a progressive world-class worldwide college geared toward, not simply our present kids, however their kids as effectively,” the chairman stated.
The switch course of is nonetheless anticipated to be accomplished later this yr in time for the 2021-22 educational yr, he disclosed.
The corporate first moved into the area 10 years in the past selecting Kenya as Africa headquarters in bid for enlargement into the continent away from Center East and South Asia bastion. It had deliberate to arrange faculties in Kenya, Uganda and Nigeria.
Braeburn operates 16 “co-educational” worldwide faculties unfold over 9 campuses throughout Kenya and Tanzania. The newest improvement may additionally depart Braeburn as the biggest worldwide British curriculum faculties group in Japanese Africa.
It has a complete of three,600 pupils, lots of them from expatriate households working with worldwide organisations and diplomatic missions within the area and past.