CVC-led consortium to acquire 30% stake in Dubai's GEMS Education - Reuters:
A consortium led by private equity firm CVC Capital Partners has agreed to acquire a 30% stake from existing shareholders in Dubai-based GEMS Education.
The deal will see the exit by a consortium led by Fajr Capital Ltd including Tactical Opportunities funds managed by Blackstone Group (BX.N) and Bahrain’s Mumtalakat Holding Co, a statement from GEMS said on Wednesday.
It did not disclose the value of the deal.
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