Transaction Summary
Enko Education Investments (PTY) Limited (Enko Education) secured $24 million in equity investment from Africa Capitalworks (ACW) and Adiwale Partners (Adiwale). As Africa's largest International Baccalaureate (IB) school network, Enko Education operates 16 schools across 10 sub-Saharan countries, offering preschool, primary, and secondary education to 7,000 students, with a mission to increase access to the world’s top universities for African learners. This funding will enable Enko Education to expand to 30 schools across more than 20 African countries and triple its student body to 20,000 by 2029, leveraging a growth strategy that combines acquisitions and management contracts. Africa Capitalworks, a permanent investment vehicle formed through a partnership between the Capitalworks Group and Sao Capital, focuses on equity investments in mid-market companies with enterprise values between $50 million and $250 million in Sub-Saharan Africa (excluding South Africa). Adiwale’s investment came through Adiwale Fund I, a €60 million ($63 million) growth capital
