IFC and Swicorp Back Luminus Education with an US$18 Million Investment (MENA)

Source: Swicorp

Development finance institution International Finance Corporation (IFC) and MENA-focused investment banking and asset management firm Swicorp have invested US$18 million in Jordan-based vocational and technical education provider Luminus Education. Luminus will use the new funds to diversify its offerings and expand locally and regionally. Swicorp first invested in Luminus in July 2014 in an investment structured through its Intaj II fund.