PROJECT

Projects

Summary of Investment Information

Project Number

36211

Company Name

ADVTECH LTD

Date SPI Disclosed

Sep 8, 2016

Country

South Africa

Region

Africa

Projected Board Date

May 31, 2016

Environmental Category

B - Limited

Status

Active

Last Updated Date

Nov 30, 2016

Department

Regional Industry - MAS Africa

Industry

Health, Education and Life Sciences

Previous Events

Approved : May 31, 2016
Signed : Jul 4, 2016
Invested : Jul 18, 2016

Sector

Colleges, Universities, and Professional Schools

Project Description

The project consists of an up to ZAR320m (approximately US$21m) IFC equity investment in AdvTech Ltd (Doppio or Company), a leading private education group based in South Africa (SA). Doppio is listed on the Johannesburg Stock Exchange (JSE). Doppio has 54,000 students across its network of primary, secondary and tertiary education institutions. It is planning to expand and make its teaching and training available to a growing population of learners demanding quality education across SA and the Rest of Africa (RoA). Doppio’s expansion will include both organic growth and acquisitions in basic, secondary and tertiary education (the Project).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation