Two Bahrain investment firms acquired a network of US schools for $405 million
Two Bahrain investment firms, Mumtalakat and Investcorp, have acquired a network of 176 schools in the US for $405 million.
The seller is Leeds Equity Partners which had acquired the firm back in 2011 for $149 million. Founded in 1984, Nobel Learning operates a network of 176 schools across 18 states with 5,000 teachers and staff and 25,000 students. (The company also has an accredited online private school that offers college preparatory programs to students from over 55 countries worldwide.)
Bahrain's Mumtalakat and Investcorp are listed in the Middle East Venture Capital and Private Equity Directory with the code SIN22 and BD43 respectively.
More details follows
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