Mediterrania Capital Partners exits education group

Mediterrania Capital Partners has exited its investment in Groupe Scolaire René Descartes (GSRD), a private educational group headquartered in Tunis.

In January 2018, Mediterrrania Capital Partners through its MC II fund, invested in GSRD with the objective of partnering with the founders to expand the business by increasing the capacity of the existing network and supporting the development of new sites in key locations in Tunisia.

As a result of Mediterrania Capital Partners’ investment in the group, GSRD has digitised its operations by installing and operating an ERP system, converting its processes to paperless operation, streamlining and greening them, and implementing online teaching solutions for its students. In addition, it has expanded from three to five campuses with the opening of a new French international programme school and a new school offering a Cambridge-accredited British international programme. GSRD has also expanded its existing French international programme school located in Ennasr. These actions have resulted in a 60% increase in student capacity, from 2,825 to more than 4,550. Furthermore, the number of students has risen from 1,700 to 3,000.

Albert Alsina, CEO and founder of Mediterrania Capital Partners said, “Education is a crucial aspect of any society’s growth and progress. By entering GSRD’s capital five years ago, we fulfilled the double objective of being a good investment while also doing good for society helping young generations have access to high-quality education and creating a path for a better future. We are extremely pleased about this project and its positive outcome.”

Mediterrania Capital Partners’ exit from GSRD has been executed through an MBO led by GSRD’s management.

Mediterrania’s legal advisors for this operation were Meziou Knani & Khlif while Derenia Capital acted as financial advisors. The buyers’ legal advisors were El Ajeri Lawyers.