| Blackstone Group LP is taking a stake in GEMS Education, the world’s biggest privately held schools operator, as part of a group of investors led by Dubai-based Fajr Capital Ltd.
Mumtalakat, the Bahraini sovereign wealth fund, is also part of the investment group taking a “significant” minority stake in GEMS’s emerging-markets business, covering the Middle East, North Africa and Asia, the company said today in a statement. Financial terms of the transaction weren’t disclosed...............................................Full Article: Source
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