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    Braeburn Group Acquires Hillcrest Schools

    LynnBy Lynn2022-12-12Updated:2022-12-12No Comments1 Min Read
    The Braeburn Group of International Schools is a well-established group of co-educational international schools offering international curricula in Kenya and Tanzania.

    The Braeburn Group of International Schools has finally been approved to acquire Hillcrest International School.

    According to the Competition Authority of Kenya (CAK), this is on the condition that Hilcrest’s employees are retained.

    “Premised on the foregoing, the Authority approved the proposed acquisition of the business and certain assets of Hillcrest Investments Limited by Braeburn Schools Limited on condition that the acquirer employs at least one hundred and seventy-five (175) of the target’s one hundred and eighty (180) employees on terms that are not less favourable than what they are currently entitled to,” CAK said in a statement.

    The transaction will see Braeburn’s market share in the British Curriculum Schools market rise to 12.8% from 10.2%.

    Hillcrest Schools will continue operating under the Hillcrest brand.

    Hillcrest Schools were founded in the 1960s and purchased by the late Kenneth Matiba, one of Kenya’s most powerful politicians in 1974.

    The sale of Hillcrest School comes three years after the Dubai-based GEMS Education acquired the institution for KSh2.6 billion.

    Gems Education acquired it from private equity firm Fanisi Capital helping the Dubai chain of schools to expand in the local market.


     

    Braeburn Group Hillcrest Schools
    Lynn
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    LA writes on various subjects, from family, relationships, and health to commodities in East Africa. She is a graduate of Journalism and Mass Communication from Masinde Muliro University. She is an advocate for women's and children's rights.

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