South Africa: Sanlam Private Equity buys stake in education business
The SPE Mid Market Fund I has finalised the acquisition of a significant stake in Boston City Campus.
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Sanlam Private Equity, through its SPE Mid Market Fund I, has finalised the acquisition of a significant stake in Boston City Campus, one of South Africa’s leading distance learning institutions in higher education.
“Boston is reaching learners who would otherwise be left behind,” says Paul Moeketsi, managing partner at Sanlam Private Equity. “This isn’t just an education deal – it’s an investment in human capital, in potential and in building a stronger South Africa. Investing in education is how we invest in the future we need.”
Ari Katz, founder and CEO of Boston City Campus, adds: “We are incredibly proud to join forces with Sanlam Private Equity to scale our efforts and shift the education landscape in South Africa. There were immediate synergies in terms of our mission and vision. We share the deep belief that we must support South Africa’s demographic dividend by giving young people the very best educational foundation to thrive. This underlies everything. It’s key to unlocking our nation’s promise for generations to come.”
Boston currently operates 47 support centres across South Africa, offering ICT infrastructure, student registration and support, even in areas where access to traditional brick-and-mortar institutions is limited or unavailable.
Dr Gift Pule, principal at Sanlam Private Equity, explains the appeal of Boston City Campus as an investment: “This is a business that has reimagined how higher education can work in South Africa. Their unique model, combining digital content delivery with nationwide student support, gives learners real proximity and practical help.”
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