TPG/Satya to Invest MAD250 Million in Morocco-based Ecoles Yassamine (MENA)

Source: TPG/Satya, The Wall Street Journal  |  Author(s): Simon Clark

TPG/Satya–the Africa-focused partnership between TPG’s middle market and growth equity platform TPG Growth and Africa-focused, independent investment firm Satya Capital –has agreed to invest a reported MAD250 million (approximately US$26 million) for a minority stake in Morocco-based private school network Ecoles Yassamine. The company intends to use the new capital to grow its network of schools and expand its educational offering.