Nigeria: FCMB-TLG fund invests in education business
Howbury Nursery & Primary School has closed a debt financing transaction from the FCMB-TLG Private Debt Fund.
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Lagos-based Howbury Nursery & Primary School has closed a ₦200 million (about $133,827) debt financing transaction from the FCMB-TLG Private Debt Fund.
The financing marks the first tranche of Howbury’s broader capital raise programme, designed to accelerate the school group’s strategic expansion, including the redevelopment of its Maryland campus, the acquisition and upgrade of its FESTAC campus, and the construction of a 120-bed boarding facility with enhanced sports and digital infrastructure.
Founded in 2011 with just one pupil, Howbury has grown into an institution serving over 280 students across two campuses.
Commenting on the transaction, Demola Adeosun, founder of Howbury, said: “This investment represents more than just capital – it is a strong vote of confidence in our vision to deliver world-class, technology-driven education in Nigeria. With this support, we will scale faster, serve more families, and continue to equip our students with the skills to thrive in the 21st century.”
Emergence Capital Partners, acting as exclusive financial adviser, provided end-to-end transaction support. Timilehin Ogunboyede, an associate at Emergence Capital, noted: “We are delighted to have advised Howbury on this critical milestone. Education is a cornerstone of Nigeria’s long-term growth, and Howbury’s model demonstrates the scale, innovation, and resilience needed to build lasting value in the sector.”
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