Fanisi Capital Invests KSh 400m in Kitengela International School

Fanisi Capital has entered into an agreement to invest up to KSh400 million in Kitengela International School (KISC) with an initial Sh205 million investment.

Fanisi Capital’s Co-Managing Partner and Chief Executive, Ayisi Makatiani, said the school fits into the firm’s investment portfolio with its ambitious growth strategy to triple student population from the current 1,000 and open two more schools over the next five years.

“We are on a journey to build centers of academic excellence and expand their footprint,” said Makatiani during the organisation’s investor briefing.

“We are in the final stages of fund-raising for Fanisi Capital Fund II, which has attracted interest from both local and international investors. Over 40 per cent of the investors in this fund are local with twelve local pension schemes coming on board,” he said.

Kitengela International School was founded by Mr. Paul Mwagangi and opened its first doors on 5th January 2009, with 8-4-4 curriculum mixed day and boarding Primary as well as a fully boarding Girls High School.

It has since expanded to four schools one of which offers British Curriculum the other being a second local curriculum primary school.

“I have always had a passion for education and ensuring that the next generation receives the best, that is what drove us to start this school.  We have seen organic growth in the past nine years to where we are today. This partnership with Fanisi Capital will enable us to leap to the next step, and to expand our reach and capacity without compromising the quality of education we offer,” said Mr. Mwangangi.

The investment, if approved by the Competition Authority, is the first from the Fanisi Capital Fund II LLC, a growth-focused private equity fund with a target to raise Sh5 billion.

This is the second group of schools Fanisi is investing in, having invested in Hillcrest International Schools in 2011.

Fanisi plans to continue making investments in high growth consumer sectors including healthcare, education, consumer goods and agribusiness.