Brookfield-Led Consortium Acquires Majority Stake in GEMS Education from CVC Consortium

June 18, 2024

A Brookfield-led consortium has entered into a binding agreement to acquire a majority stake in GEMS Education from a consortium led by CVC Strategic Opportunities (Funds I & II). As part of the deal, CVC Consortium will retain a minority stake while existing minority shareholders including Khazanah Nasional Berhad will exit; the transaction is expected to complete in Q3 2024 subject to customary conditions and refinancing.

Buyers
Brookfield Asset Management Ltd (consortium led by Brookfield)
Targets
GEMS Education
Sellers
CVC Strategic Opportunities (Fund I and Fund II) / CVC Consortium, Khazanah Nasional Berhad
Industry
Education
Location
Dubai, United Arab Emirates
Transaction Type
Buyout

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