AlephYa Education, a leading pan-GCC education provider, recently announced a majority investment from TA Associates (“TA”), a leading global private equity firm, to support its next growth phase. As part of the transaction, existing investors Gulf Investment Corporation (“GIC”) and Oman International Development and Investment Company SAOG (“Ominvest”) will retain a meaningful stake in the business, partnering closely with TA. Ashmore Investment Saudi Arabia (“Ashmore”), an investor in AlephYa since 2017, will fully exit its investment in the Company.
AlephYa Education, founded in 2017, aims to provide high-quality education at affordable prices and empower students with the skills to become future leaders while retaining their national heritage. The Company’s network of schools offers a mix of American, British and local curricula designed to empower students with the skills to become future leaders while retaining their national heritage. Its vision is to develop well-rounded, confident and responsible individuals who aspire to achieve their full potential. The firm will provide a safe, welcoming and supportive learning environment in which everyone is equal and all achievements are celebrated.
Commenting on the investment, Co-founder & CEO of AlephYa, Shailesh Doshi, emphasized:
TA shares our unwavering commitment to academic excellence. Their investment presents a significant opportunity to enhance our educational infrastructure, improve our facilities, and increase our impact on new and existing students.
AlephYa constantly strives to ensure that its students have access to technology, advanced infrastructure, resources, and tools they need to learn, grow, and thrive. The platform currently owns and operates 13 schools across Saudi Arabia, UAE, and Oman, with a combined enrollment of over 18,500 students.
Elaborating on the development, Nadeem Masud and Chandra Tiwari, Co-founders of AlephYa, expressed their excitement:
We are thrilled to welcome TA as an investor and are eager to leverage their deep expertise in scaling companies to reach our full potential.
Vishal Gupta, Director at TA, also commented:
We are thrilled to partner with the AlephYa team to achieve further scale and bring high-quality, affordable education to more communities across the GCC.
As part of the agreement, PwC Middle East served as TA’s financial advisor. Al Tamimi & Company and Goodwin Procter LLP provided TA with legal counsel. The financial terms of the transaction were not disclosed.
