September 6th, 2023 – Globeducate, one of the world’s leading K12 education groups, with 60+ premium bilingual and international schools, and online programmes, in 12 countries, has become a shareholder in IEG after obtaining the relevant regulatory approvals in Morocco, replacing investment fund Tana Africa Capital.
IEG, established in 2015, is a network of schools with more than 4,500 students across three schools in Morocco (Lycée Français Guy de Maupassant in Casablanca, Lycée Français Sophie Germain in Rabat, and École Trilingue Internationale in Casablanca) and one school in the Netherlands (International French School in Amsterdam). The schools offer modern and contemporary facilities, including amphitheatres, semi-Olympic swimming pools and Fablabs.
Uniting this bilingual schools group with Globeducate consolidates the bilingual offering the group is able to offer, with expert educators in bilingual education able to share best practice and work closely with each other.
In addition, students and teachers alike will benefit from close collaboration across the Globeducate network, through participating in international events organised by Globeducate (International Music Festival, Model United Nations, Academic Olympics, Global Olympics etc.) and unique partnerships with international organisations such as WWF (World Wildlife Fund) and Eco-Schools, as well as collaborations with LEGO Education and Arts International.
Luca Uva, Chief Executive Officer of Globeducate, said: “We are delighted to partner with Saham to further develop IEG. We look forward to working with the entire IEG network team to continue to deliver excellence in education to its entire community. This is an exciting development for both Globeducate and IEG. IEG schools will benefit from access to world-class educators, exciting learning experiences and state-of-the-art teaching platforms.”
Lamia Outgenza, Managing Director of International Education Group, said: “IEG is proud to have Globeducate as a shareholder and strategic partner. For IEG and its schools, this is a unique opportunity to become part of one of the largest school networks in the world and to benefit from a daily expertise that will undoubtedly allow us to continue to innovate in order to fully meet the expectations of families and students“
Amine Lahrichi, Secretary General in charge of Operations at Saham: “Saham is delighted to join forces with Globeducate to continue supporting IEG. Globeducate is a prestigious partner with whom we share the same values and ambition. Its entry into IEG’s capital is a recognition of the quality of the work accomplished since 2015 and which we will be keen to continue together.”
For Robert Leke, Principal at Tana Africa Capital: “It has been a great privilege for Tana to participate in the development of IEG since its creation in 2015 alongside Saham. We are extremely proud of what we have accomplished to date. We firmly believe that Globeducate, with over half a century of experience in international education, is the best partner to work with IEG to write the next exciting chapter in its history. On behalf of Tana and our shareholders, I would like to thank Saham and the IEG teams and wish them much success.”
The transaction was led by Investment Bank NOMURA, Financial Advisor Deloitte, Legal Advisor Clifford Chance, and Operational/Educational Advisor Afaya Partners.
Saham and Tana were advised by Investment Bank Rothschild & Co, Financial Advisors Ernst & Young and Legal Advisor Naciri & Associés Allen & Overy.
About Saham
Saham is an investment company, active in human-centric sectors. Saham first developed in the insurance industry, becoming the leader on the African continent. After selling its insurance division in 2018, Saham became an international player with multi-sector experience through targeted strategic partnerships in outsourced services, real estate, education and agriculture. Saham has more than 85,000 employees in 46 countries.
For more information: www.saham.com
About Tana Africa Capital
Founded in 2011, Tana Africa Capital is a Pan-African investment fund created as a joint venture between the Oppenheimer Family and Temasek Holdings. To date, Tana has raised 650 million dollars, invested in a portfolio of business with operations in about 20 countries across North and Sub-Saharan Africa.
For more information: www.tana-africa.com
About Globeducate
We prepare each student to be a global citizen who can shape the world.
Globeducate is one of the leading international K12 education groups in the world, a network of 60+ premium bilingual and international schools, as well as online programmes, educating 35,000 students in 12 countries. Our schools specialise in a variety of recognised highly respected international curricula including the English National Curriculum (EYFS to A Level), International Baccalaureate (PYP to IBDP), and the national curricula of Canada, Cyprus, France, India, Italy, Malaysia, Morocco, Portugal, and Spain.
Our students achieve high grades and are accepted into higher education programmes at 50 of the world’s top 100 universities. Our teachers ensure that our students develop skills and abilities beyond the purely academic. Our students learn how to play their part in shaping the future; how to tackle the unprecedented social, economic, and environmental challenges that are reshaping our global communities. Our teachers, counsellors and partners prepare this generation for jobs that have not yet been created, for technologies that have not yet been invented, and to solve problems that have not yet been anticipated.
A crucial part of providing an excellent education, Globeducate teachers inspire our students to find their voice in this world. They encourage them to understand world events and to think about their values and what is important to them, and to challenge ignorance and intolerance wherever they find it.
About IEG
Established in 2015, IEG is a network of schools with more than 4,500 students across three schools in Morocco (Lycée Français Guy de Maupassant, Lycée Français Sophie Germain, and École Trilingue Internationale) and one school in the Netherlands (International French School in Amsterdam).
IEG has a strong track record developing premium international schools offering their students the perfect balance between academic excellence and personal development. The aim is not only to accompany future leaders and prepare them for graduation but to develop worldwide an agile, smart, passionate, creative, caring for others community of leaders able to face tomorrow’s world and the upcoming challenges. IEG’s pedagogical offering is aligned with the best international standards, while nurturing the pride of belonging to a local culture.
For more information:
• Lycée français Guy de Maupassant (Casablanca) : www.lfmaupassant.com
• Lycée français Sophie Germain (Rabat) : www.lfsophiegermain.com
• École Trilingue Internationale (Casablanca): www.eti-valdanfa.com
• International French School (Amsterdam): www.internationalfrenchschool.com
FOR MEDIA ENQUIRIES: Amy Grace – Group Head of Communications – [email protected] Whatsapp – +44 7817 232184 www.globeducate.com
Meryem El Ayoubi – Deputy Communications Director – [email protected] Whatsapp : +212682955784 www.ieg.education