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Announced

Brookfield to acquire a majority stake in GEMS Education from CVC.

Synopsis

Brookfield, an alternative investment management company, agreed to acquire majority stake in GEMS Education, an education company, from CVC, a private equity firm. Financial terms were not disclosed. “It has been a privilege to support GEMS as the leading provider of world-class education in the UAE. GEMS was CVC’s first private equity investment in the Middle East and we remain fully committed to investing further in this attractive region," Özgür Önder, CVC Senior Managing Director and Head of Middle East.

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