PineBridge in Sale and Leaseback Deal with Dubai School Operator GEMS Education (MENA)
Source: PineBridge Investments
Global asset manager PineBridge Investments Middle East has acquired a United Arab Emirates-based school campus operated by global education services provider GEMS Education in a sale and leaseback transaction. Under the terms of the agreement, GEMS Education will lease the school campus for a term of over 20 years, with no change to the schools’ operations, faculty, management or support staff. Financial details of the transaction were not disclosed.