Competition Tribunal approves merger in independent education sector
The Competition Tribunal has unconditionally approved a merger in which Education Investment Impact Fund of South Africa (Pty) Ltd (“EduFund”) will acquire interests held by Trematon Capital Investments Ltd in the group of companies known as the Generation Education Group and its related properties and entities.
EduFund is an education impact fund that invests in independent schools, tertiary education and ancillary education services. It controls entities that own and operate a portfolio of schools in Gauteng and is managed by Old Mutual Alternative Investments (Pty) Ltd. EduFund's ultimate controlling firm, Old Mutual Ltd, is involved in financial and insurance markets internationally, through a number of subsidiaries.
The Generation Education Group’s portfolio comprises a number of private schools situated in the Western Cape and Gauteng provinces.