Sanari Capital makes follow-on investment in South African education group
Sanari Capital has announced a $4.4 million follow-on investment in EduLife.
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Sanari Capital, a private equity firm that invests in medium sized and mid-market growth companies emanating from Africa, has announced a R80 million (c. $4.4 million) follow-on investment in EduLife Group. The investment will allow EduLife to further entrench its schools in existing regions and expand into other provinces.
EduLife is a network of independent schools, offering diverse and tailor-made education across the economic spectrum.
The capital will be used to build on the company’s foundation in the Free State and expand its offering further in the Eastern Cape, Western Cape and potentially in Gauteng. Further to this, the group continues to experience growth in its existing schools due to continued demand for quality education at an affordable price point in the areas it operates in. As such, part of the funding will be used to expand capacity in these schools.
“We’re exceptionally pleased to support EduLife Group as they continue their ambitious expansion strategy. Our work is driven by sustainable value creation, not just for companies and investors, but for the communities and environments touched by the businesses we work with. This is why we partnered with EduLife Group. Together we are bringing accessible, affordable, relevant education to students across income levels on a sustainable and profitable basis, combining exciting growth prospects with rewarding impact,” said Moushmi Patel, partner at Sanari Capital.
Hansie Engelbrecht, the CEO of EduLife commented, “Our aim is to provide inclusive, modern, and tailor-made educational excellence that enables all students to thrive, reach their full potential, and be prepared to meet the demands of the future. This follow-on investment enables us to expand into new regions and further develop our existing schools, so we can achieve our goal of providing quality education to more people. Our schools offer an affordable alternative for families who wouldn’t otherwise have access to high-quality schooling. Our learners receive an excellent education and progress at the same pace as their peers in more metropolitan areas.”
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