Africa Capitalworks announces education deal
Africa Capitalworks has invested in Enko Education.
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Africa Capitalworks (ACW) has invested in Enko Education.
Founded in 2013, Enko Education is a platform of K-12 (primary and secondary) schools.
ACW’s investment was complemented by a follow-on investment from Adiwale Fund I, an existing shareholder in Enko Education since 2022, further enhancing the shareholders’ commitment to the company’s growth plan.
The investment supports Enko Education’s ambition to execute a large-scale buy-and-build strategy to consolidate the private K-12 market in Africa and establish the continent’s largest K-12 education platform. ACW and Enko Education will collaborate to execute the company’s acquisition pipeline, integrate acquired schools into the platform, and continue investing in existing schools.
Cyrille Nkontchou, co-founder and chairman of Enko Education, said: “We are thrilled to partner with ACW to drive the next phase of Enko Education’s growth and strengthen our mission of improving access to high-quality, inclusive education for African youth. Together, we aspire to equip students with the skills and opportunities to gain admission to the world’s leading universities and pursue extraordinary careers.”
(Read more: How to build a private schools business in Africa)
Grégoire Fredet, partner at ACW, added: “ACW has successfully executed a strategy of partnering with top management teams and founders at industry-leading companies to support accelerated growth. Alongside Enko Education’s management and shareholders, we are committed to scaling the platform, expanding its reach and impact, and delivering high-quality education to more learners across the continent, so they access the universities of their dreams. This investment aligns with our goal of backing scalable businesses that drive positive social change and long-term value in Africa.”
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