Actis Private Equity acquired an 81% equity stake in the Management College of Southern Africa (Pty) Ltd (Mancosa) and the Regent Business School (Pty) Ltd (Regent) through its education platform asset, Emerging Markets Knowledge Holdings (EMKH). Standard Bank acted as Joint Mandated Lead Arranger for the acquisition finance.
Mancosa is a leading private higher education institution and is headquartered in Durban. It was established in 1995 as a post-apartheid empowerment institution offering affordable education primarily to people previously denied access to postgraduate education.
Regent was established in 1998 and is a business school that provides tertiary and executive education. The Group is focused on providing management programmes through affordable and quality distance learning. They gained market share as a result of its superior value proposition and expansive reach. In addition to the schools in SA, the business school also has campuses in Swaziland and Namibia.
Standard Bank is proud to partner with high-growth education businesses who strive to provide much-needed access to South African students.
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