MANAMA: A consortium of investors led by Fajr Capital, including Tactical Opportunities funds managed by Blackstone and Mumtalakat, the sovereign wealth fund of Bahrain, have completed their divestment from GEMS Education to a consortium led by CVC Capital Partners.
In July 2019, funds advised by CVC Capital Partners signed a definitive agreement to acquire approximately a 30 per cent stake in GEMS Education, one of the largest providers of private K-12 education .