Fanisi Capital: Dubai based GEMS Education takes over Hillcrest for Sh2.6 billion

Private equity firm Fanisi Capital has signed an agreement to sell Hillcrest International Schools to Dubai-based GEMS Education for Sh2.6 billion, marking the latest deal in the high-end private education industry. Fanisi teamed up with businessman Anthony Wahome to buy Hillcrest out of bankruptcy in 2011, paying Barclays Bank of Kenya, the family of Kenneth [...]