A United Kingdom-based firm has acquired Brookhouse School at a whopping Sh3.6 Billion.
The owners of Brookhouse School sold the institution to Educas — an equity fund institution in the UK — in what is termed as one of the of the biggest transactions in Kenya’s high-end education sector.
Among those who sold their interest are the school’s founder Piyush Mehta, PE firm AfricInvest, which held the single largest interest of 30 per cent in the institution.
Efforts by Kenyans.co.ke to find out why the school was sold to the UK firm were thwarted as the management declined to comment.
However, for Educas the acquisition of Brookhouse is part of its global expansion after the fund was established in 2013.
According to the Business Daily, the Mehta family made the highest return of Sh900 million, AfricInvest received Sh1 billion, with Victoria Bank, which is associated with the family of managing director Yogesh Pattni, receiving Sh720 million in the deal.
Brookhouse is one of the leading private schools in East Africa, providing British national curriculum co-educational day and boarding programmes to learners aged two to 19.
The school, considered a preserve for the high-net-worth individuals, charges fees ranging from Sh220,000 to Sh910,000 for each of the three terms depending on the grade and whether a student is boarding or not.
Besides Brookhouse, other international schools in Kenya include the German School, International School of Kenya, Braeburn, Rosslyn Academy and Kenton.
The institution is best remembered for hosting the Presidential debate ahead of the 2013 General elections.
