The Private Equity asset management team at Global Investment House announced today that it has completed the exit of two of its managed funds, the Private Equity Fund and Global Opportunistic Fund I, along with co-invested clients from Al Rayan Holding Company. The transaction was completed on the 12th of July 2012 and represents 82% stake.
The Funds launched Al Rayan in 2007, and through acquisitions and organic growth created a network of 6 schools with over 10,500 registered students, making it the largest educational group in Kuwait offering educational services from kinder garden to high school. In late 2009, the Company went through a restructuring program of its operations which included several organizational and business growth initiatives through the leadership of a team from the Private Equity arm of Global. As a result, between 2009 and 2011, revenues, EBITDA, and operating profits grew at a compounded annual growth rate of 12%, 26% and 73% respectively.
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