Exclusive adviser to KMR Holding Pédagogique for the acquisition of one of the leading private universities in Morocco
January 2018 - Afaya Partners was retained as adviser on an exclusive basis by KMR Holding Pédagogique – the leading state-recognized multi-disciplinary private higher education platform in Francophone Africa - for the successful acquisition of private Moroccan university owned by Laureate Education, Inc. and SOMED, Université Internationale de Casablanca (UIC).
The services of Afaya Partners covered the strategic, commercial, and operational due diligence of Université Internationale de Casablanca, as well as the definition of strategy, development of business plans and growth projections. The services of Afaya Partners will continue after the acquisition conducting the interim management of UIC till KMR recruits a new CEO for the institution.
Université Internationale de Casablanca, which opened its doors in 2010, is the first and only comprehensive private university in Casablanca recognized by the Moroccan State with the Reconnaissance status, which means the degrees awarded by UIC have the same legal value than the degrees awarded by the public universities, and give to its graduates the access to regulated professions and to the public administration. UIC’s program offerings include undergraduate, graduate and executive education programs in Business, Engineering and Health.
With over 7,500 students across Marrakech, Casablanca and Dakar, KMR delivers programs in medicine, health sciences, engineering, management and hospitality, among others. Development Partners International (DPI), the leading Pan-African private equity firm, with US$1.1 billion of assets under management is a principal shareholder of KMR Holding Pédagogique.
About KMR Holding Pédagogique
KMR Holding Pédagogique is the leading state-recognised multi-disciplinary private higher education platform in Francophone Africa with over 7,500 students across state of the art campuses in Casablanca, Marrakech and Dakar, with plans to expand to other countries. The group delivers affordable quality higher education in medicine, health sciences, engineering, management, hospitality, art & culture, providing international exposure to African students through access to a network of 240 universities and higher education institutions across the world and degrees with multi- campus curriculums that can include courses in North Africa, sun-Saharan Africa and Europe. KMR ensures best-in-class employability rates through programs tailored to both country and employer needs with focus on growth industries such as health, hospitality, and manufacturing & logistics (e.g., double diplomas in engineering & management), specialised degrees in emerging regional industries (e.g., aeronautical engineering), as well as personalized career services and mentoring.
About Development Partners International
Development Partners International (“DPI”) is a leading pan-African private equity firm with $1.1 billion under management. DPI was founded in 2007 by African investment pioneers Miles Morland and Runa Alam and has a team of over 30 professionals with a combined investment experience of over 100 years. DPI currently advises two pan-African private equity funds, African Development Partners I (“ADP I) and African Development Partners II (“ADP II”), both with an investment focus targeting companies benefiting from the fast-growing emerging middle class. In addition, DPI has a proven track record of integrating ESG considerations into the investment process and is a signatory to the UN Principles for Responsible Investment (UN PRI). DPI was named “Sub-Saharan Africa House of the Year” at the 2017 Private Equity Africa Awards.
About Laureate Education, Inc.
Laureate Education, Inc. is the largest global network of degree-granting higher education institutions, with more than one million students enrolled across nearly 70 institutions in 23 countries at campuses and online. Laureate offers high-quality undergraduate, graduate, and specialized degree programs in a wide range of academic disciplines that provide attractive employment prospects. Laureate believes that when our students succeed, countries prosper, and societies benefit.
Read the official press release in English: www.globalnewswire.com
and in French: www.facebook.com/UICASA
For more information:
Université Internationale de Casablanca (UIC): www.uic.ac.ma
Development Partners International (DPI): www.dpi-llp.com
Laureate Education, Inc.: www.laureate.net