Edit: September 4, 2018: A 71% interest in Makini School Limited (via Schole Mauritius Limited) was acquired on 1 May 2018 for a consideration of R130.8 million (about Sh930 million), disclosed Advtech in a trading update last week. (Read more in the Business Daily.)
EDIT April 17 2018: One of South Africa’s leading private schools will soon open its doors in burgeoning Tatu City. Crawford Kenya International College is the brainchild of JSE-listed ADvTECH, Africa’s largest private education provider which recently acquired the Makini group of schools. Set to open in September 2018, and with a capacity for 1700 students, Crawford Kenya will teach the UK/Cambridge Curriculum in modern, trendy facilities – which include a multifunctional indoor sports centre, a swimming pool, outdoor sports fields and tennis and basketball courts. Additionally, it will also provide high school boarding facilities.
Original April 3, 2018: It’s now official: The Okelo family, the owners, and founders of the Makini group of schools, have agreed to sell the company to an international education partnership consisting of two pan-African educational institutions – ADvTECH Ltd (which is listed on the JSE in South Africa) and Scholé Ltd.
After 40 years, @Makini_Schools are sold to Schole Ltd, who will acquire all shares of Makini, and who will work with ADvTECH to enhance the quality of education as Makini continues with the Kenyan curriculum.
— Bankelele (@bankelele) March 30, 2018
The Makini group was founded, fourty years ago, in 1978 by Dr. Mary Okelo, and her late husband Dr. Pius Okelo, who passed away in a road accident in 2004.
Makini has 8 schools on 4 campuses in Nairobi and Kisumu and 3,200 students in nursery, primary and secondary schools (from Kindergarten to Grade 12). The consortium that is acquiring all the shares in Makini has committed to enhancing the quality of education at Makini, and that the schools will continue teaching the Kenyan educational curriculum.
ADvTECH runs 117 educational sites in Southern Africa and Scholé operates schools in Zambia and Uganda – and Kisubi High School, a boarding school in Kampala with 900 students, will become part of the partnership.
See other recent M&A deals