The education co-investor group comprising Noesis Educación and Educa, private equity firms of Andbank and Diaphanum clients, respectively, with IMRA Business as the main promoter, and managed by Dunas Capital AM, has acquired the Khalil Gibran Bilingual School in Fuenlabrada, Madrid, according to a statement from Dunas Capital.
The deal, worth around three million euros, according to Expansión, is the second purchase made by the group after the purchase of ValdeSerra International School in Vera (Almería) in March last year. Khalil Gibran, located on the outskirts of Madrid, has a built-up area of 3,800 square metres on a plot of 500 square metres.
This operation is part of the group's strategic plan to acquire a portfolio of private educational centres in Spain in order to create a group that will benefit from economies of scale, implementing improvements in the management of the centres through, among other measures, centralised administration.
"The facilities have good potential for expansion from 450 students to 900 students, but for there to be demand, as in all sectors, in education you have to offer a good product, i.e. a good educational project," says Enrique Bilbao, CEO of Educa Schools Management.
"Khalil Gibran has been working for years now with active methodologies and a commitment to languages, so, as new managers, we will redouble our efforts for educational quality and for this to be known and valued even more positively among real and potential families; it is a question of giving the centre a new boost, but maintaining the hallmarks that have made it a reference in its area", adds Bilbao.
David Angulo, chairman of the Dunas Capital group, points out that the group is "firmly committed to innovative solutions that transform management models in key sectors, generating value both for investors and for the benefit of all; we work closely with our partners to address challenges and take advantage of emerging opportunities, building together a solid and prosperous future," says Angulo.