(Bloomberg) -- A consortium led by Brookfield Asset Management Ltd. is investing in GEMS Education, a Dubai-based family business founded by Indian...
-- A consortium led by Brookfield Asset Management Ltd. is investing in GEMS Education, a Dubai -based family business founded by Indian immigrants who turned a single school into one of the world’s largest private education providers.S&P 500 Hits 30th Record of 2024 as Megacaps Rally: Markets WrapHow the US Mopped Up a Third of Global Capital Flows Since Covid
Besides Brookfield, other investors include Dubai-based Gulf Islamic Investments, Marathon Asset Management and the State Oil Fund of the Republic of Azerbaijan, according to a statement. The deal is expected to close in the third quarter, subject to conditions. Its expansion over the years has mirrored Dubai’s own growth into a major financial hub. Parents in the city, which has a large expat population that boomed in the aftermath of the pandemic, spend large amounts on private education — sometimes upwards of $20,000 a year.
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