Brookhouse International School has been sold to Educas, a United Kingdom-based private equity fund, for Sh3.6 billion.
The school was the venue of Kenya’s first ever presidential debates that featured eight candidates ahead of the 2013 general elections.
Founded by Piyush Mehta and co-owned by PE Firm AfricInvest, the school raked in some Sh. 900 million for the Mehta family, Sh. 1 billion for Victoria Bank and Sh. 720 million for the family of its managing director Yogesh Pattni.
The school’s founder Piyush Mehta, sold a 25 per cent stake in the institution, and Victoria Bank sold a 20 per cent.
With fees ranging from sh 200,000 to 900,000 per term, Brookhouse is one of the most elite schools in the country.
AfricInvest was part of a consortium of investors that acquired a combined 75 per cent stake in Brookhouse from the Mehta family in 2010.