Deals
Brookfield-Led Group Buys Into Dubai School Operator GEMS
- Firm was looking to invest $2 billion, Bloomberg has reported
- Deal will allow CVC to exit the majority of its stake in GEMS
Inside a GEMS Wellington Academy in Dubai.
Photographer: Jon Gambrell/AP Photo
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A consortium led by Brookfield Asset Management Ltd. is investing in GEMS Education, a Dubai-based family business founded by Indian immigrants who turned a single school into one of the world’s largest private education providers.
Financial details weren’t disclosed, but Bloomberg News has previously reported that the Canadian firm was looking to invest about $2 billion. That would make the transaction one of the largest private equity deals in a closely held business in the Gulf.