Olive Rock Partners, a leading regional private equity firm with a proven track record, is delighted to announce that it has acquired a significant position in LEORON Institute. This marks a strategic investment in corporate training and EdTech. Through this merger, LEORON aims to expand throughout the GCC and neighbouring regions.
LEORON, co-founded 14 years ago by Arben and Val Jusufi, has evolved to become a significant player in the EMEA markets, particularly Saudi Arabia, with the help of investors Dr Khalid Al Tawil and Saeed Al-Ghamdi. The platform offers comprehensive learning and development solutions across various strategic corporate functions, including Corporate Finance, HR, Procurement and SCM, Technology, Quality, Operations, and Engineering. The company supports the Kingdom’s Vision 2030 by providing the Saudi workforce with the highest quality in professional development from international institutions delivered by global experts.
Speaking on the deal, Co-founder of Arben Jusufi, said:
Olive Rock Partners’ strategic investment in LEORON provides the necessary capital and support to enhance and diversify our educational offerings. By leveraging this opportunity, LEORON is well-positioned to lead the corporate training and EdTech space, delivering unparalleled value and innovation in professional development.
With the development, Olive Rock Partners Equity Fund I, LP, which focuses on growth capital and late-stage investments in the United Arab Emirates and Saudi Arabia, this effort is its first Saudi investment.
Adding further statement about the development, Val Jusufi said:
We are thrilled by Olive Rock Partners’ investment in LEORON, which significantly strengthens our capacity for innovation and expansion. This partnership will enable us to enhance our EdTech offerings and better serve our clients in the GCC region, opening up exciting opportunities for growth and development.
As part of the agreement, Olive Rock Partners’ founding partners, Muhannad Qubbaj and Abdullah Shahin, will join the LEORON board, bringing their expertise to drive further growth and innovation.
Muhannad Qubbaj stated:
We are excited to partner with Arben, Val, and their talented team to support LEORON in its next stage of regional growth and commitment to their client’s success. Their robust and differentiated platform is well-positioned to provide its expanding services and skilling offerings to a growing set of institutional, corporate, and individual partners. We look forward to jointly continuing the regional and global expansion of the LEORON network.
Olive Rock was advised by Grant Thornton and Eversheds Sutherland’s UAE practices. Maven Investment Partners advised LEORON.
