Gulf Islamic Investments group (GII) has invested in a consortium led by Brookfield Asset Management to buy stake in the Dubai-based Gems Education which it said on Thursday, July 18, 2024.
This investment will help support Gems in maintaining and expanding its position as the largest private K-12 education provider in the Middle East.
GII, has over $4.5 billion of assets under management (AuM), and this happened to be the second transaction with Brookfield this year. It may be noted that in April 2024, GII sold its majority shareholding in its UAE logistics business to Brookfield for an undisclosed amount.
Speaking in detail on how this investment will help Gems Education in expanding their infrastructure was Sunny Varkey, founder of Gems Education who said, “Gems has experienced significant growth over its recent history, becoming one of the world’s most respected education companies. These investments demonstrate the breadth of the business, the educational quality, and the critical infrastructure that we deliver collectively for the UAE.”
Seen echoing the similar sentiments was Pankaj Gupta, GII’s co-founder and co-CEO who said, “The UAE’s spectacular economic growth is founded on a strong educational base, empowered by the leadership’s support and attitude that ‘nothing is impossible’. Our investment in Gems will allow the company to supercharge the next phase of its growth plans.”
Further elaborating on this investment was Mohammed Alhassan, co-founder and co-CEO of GII who enthused, “As established investors, GII has a track record of investments across the GCC in several verticals, including in education, healthcare, logistics, food, education and real estate.”
