CI Capital fully exits Taaleem after 5-year holding
Updated 12/16/2024 10:48:00 AM
Arab Finance: CI Capital Holding for Financial Investments (CICH) has sold its stake in Taaleem Management Services (TALM) after a five-year holding period, according to a press release.
The exit process generated four and a half times the equity invested, resulting in an internal rate of return (IRR) of nearly 50%. It aligns with CI Capital’s objectives to drive major investments across a wide variety of promising sectors.
During CI Capital’s tenure, Taaleem recorded a growth of total enrolled students from 5,398 to 12,251, with the student capacity expanding to 23,000.
“By expanding capacity, launching new faculties, and establishing new universities, we have supported the aspirations of thousands of students and strengthened the foundation for future growth,” stated CI Capital’s Group CEO, Hesham Gohar.
Gohar added: “Together with Taaleem's incredible team and the support of our partners, CI Capital has been able to position Taaleem as a leading provider of higher education services in Egypt.”
Alongside its co-investors, CI Capital acquired a 60% stake in Taaleem during 2019 to drive growth and improve the university's impact.
The company also led the initial public offering (IPO) of 49% of Taaleem on the Egyptian Exchange (EGX) in April 2021.
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