AlephYa Education Secures Major Investment From TA Associates For GCC Expansion

AlephYa Education, a prominent education provider in the GCC, has announced a significant investment from TA Associates. This global private equity firm aims to support AlephYa's growth. Existing investors Gulf Investment Corporation (GIC) and Oman International Development and Investment Company SAOG (Ominvest) will maintain a substantial stake, collaborating closely with TA. Ashmore Investment Saudi Arabia, an investor since 2017, will completely exit its investment.

Founded in 2017, AlephYa has rapidly expanded its school network across the Middle East. The company operates 13 schools in Saudi Arabia, UAE, and Oman, serving over 18,500 students. These schools offer American, British, and local curricula to empower students while preserving their national heritage.

Shailesh Doshi, CEO and Co-Founder of AlephYa, expressed enthusiasm about the partnership with TA. "TA shares our commitment to academic excellence," he said. "Their investment provides a major opportunity to enhance our educational infrastructure." Co-Founders Nadeem Masud and Chandra Tiwari added that they look forward to leveraging TA's expertise to reach their full potential.

Dhiraj Poddar, Managing Director at TA, highlighted AlephYa's impressive growth and potential for further expansion. "Since AlephYa's founding only seven years ago," he noted, "the Company has established a strong platform driven by M&A and operational excellence." Vishal Gupta, Director at TA, echoed this sentiment: "We are thrilled to partner with the AlephYa team."

Mohammad Al-Fares from GIC commented on the strategic nature of this partnership. "This transaction is part of GIC's strategy to partner with leading global firms," he said. Badar Al Shanfari from Ominvest also welcomed TA as an investor. "We are confident TA's partnership will enable us to enhance AlephYa's offering," he stated.

Ibrahim Assem from Ashmore Group plc reflected on their investment journey with AlephYa since 2017. "It has been a privilege to significantly scale AlephYa during a period of transformational growth," he said. Kartik Patel from Ashmore Investment Saudi Arabia added his best wishes for AlephYa's future success.

PwC Middle East served as financial advisor to TA for this transaction. Legal counsel was provided by Al Tamimi & Company and Goodwin Procter LLP. The financial terms of the deal were not disclosed.