![]() ![]() ![]() GEMS planned to ride that wave and expand in the region opening markets in Saudi Arabia, Europe and North America with its newly raised capital treasure chest. Dubai outlook in 2006-7 called for doubling expat population over 5 years. GEMS story dove tailed with Dubai’s transformation as a regional banking, finance and trading hub. A US$ 112 million stake for 25% valued the enterprise at US$ 448 million. ![]() With 35 schools and 58,000 students, future growth trajectory with Abraaj’s backing projected a tenfold increase in schools and students to 350 schools and 500,000 students. In 2007 when GEM closed its first private equity round with Abraaj, it was already a significant player in school education in Dubai. Growth in primary school market was slowing, expansion focused joint ventures in North America had ended on a bitter note yet Saudi, Egyptian and European markets were looking to be promising. GEMS’ recent growth was fueled by bank financed borrowing and strategic private equity investments over a thirteen-year run beginning 2006.īy August 2018, GEMS had borrowed US$ 1.25 billion dollars across multiple facilities secured by US$ 1.3 billion in assets. As of August 2018, GEMS operated 48 schools with 119,000 students and projected annual revenues of US$ 1.01 billion. Started six decades ago in 1968 with a small school in Dubai, United Arab Emirates, GEMS Education today operates the largest school system in Middle East. Other items such as outlook for 2019, 20 were generated by extrapolating historical trends and proforma financial statements. Investor and institutional press releases filled in remaining gaps. Prospectus and investor memorandum for GEMS earlier publicly listed debt issues are available online. GEMS financial statements till half year 2018 were sourced from investor relations. Did CVC overpay for GEMS or did they manage to get a discounted deal in at the aftermath of GEMS cancellation of its IPO?ĭata for GEMS private equity case study was sourced from publicly available information. Is it? That is the question we want to ask and answer here. Considering GEMS was planning to go public at a slightly higher valuation a year ago, the CVC’s deal seems to be fairly valued. In its most recent round, CVC Capital Partners paid US$1 billion to acquire a 30% stake in GEMS Education, valuing the enterprise at US$4 billion. GEMS has run the course with three rounds of private equity investments (2007, 2013, 2019) two public debt issues (US$200 million and US$900 million) and multiple bank refinancing and credit extensions. As an investor if you have been following the K-12 and high school education segment in Middle East, it is impossible to not come across GEMS Education. Taxes, fees not included for deals content.GEMS Education School System and its tango with institutional private equity investors, financial markets and banks in the region makes for a fascinating read. If you have any questions or suggestions regarding this matter, you are welcome to contact our customer support team.īusinessYab is not a booking agent, and does not charge any service fees to users of our site.īusinessYab is not responsible for content on external web sites. The brand names, logos, images and texts are the property of these third parties and their respective owners. BusinessYab cannot be held responsible or liable for the accuracy, correctness, usefulness or reliability of the data. The content displayed in the BusinessYab Directory consists of information from third parties, among others from publicly accessible sources, or from customers, who have a presentation page in our directory. © 2023 All Rights reserved.Īt BusinessYab our purpose is to help people find great local businesses like dentists, hair stylists, restaurants, bars, hotels, local businesses. THE BEST 10 Mortgage Brokers in Brea, CA, United States. To connect with Ernesto Garcia GEM Mortgage, join Facebook today. Ernesto Garcia GEM Mortgage - m.Įrnesto Garcia GEM Mortgage is on Facebook. Ernesto Garcia - GEM Mortgage - MapQuestĮrnesto Garcia - GEM Mortgage 1414 S Azusa Ave Ste B22. Do you work here? Update this business and complete it's profile. Ernesto Garcia - GEM Mortgage - Reviews - West Covina, CA Yelp users haven't asked any questions yet about Ernesto Garcia - GEM Mortgage. Phone number (626) 833-7449 Business website ernestohome.loan Contact agent. Information about Ernesto Garcia GEM Mortgage, West Covina, CA. Jump to Sections of this page Ernesto Garcia GEM Mortgage, West Covina, CA Ernesto Garcia GEM Mortgage - Posts | FacebookĮrnesto Garcia GEM Mortgage - 1414 S Azusa Avenue B22, West Covina, California 91791 - Rated 5 based on 5 Reviews "Highly recommend Ernesto, as I was a. ( 626)833-7449 #ernestohomeloan #homeloan #mortgages #buyahome #homesforsale #tiptuesday #. See more of Ernesto Garcia GEM Mortgage on Facebook. Ernesto Garcia GEM Mortgage - Home | Facebook ![]()
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