Foursan Group, a leading Middle Eastern private equity firm, announced today that it has acquired through Foursan Capital Partners II a majority stake in Sands National Academy (“Sands”), one of Jordan’s largest and most successful schools. Together with its partner in the deal, Foursan will own 93% of the school’s shares.

Founded in 2007, Sands is a leading private school that is located in Amman, Jordan with a built-up campus of 20,000m² on a land area of 16,000m². Sands has over 2,700 students and is considered one of the largest schools in Jordan as measured by number of students. It offers three educational programs: 1) the National or Tawjihi curriculum; 2) SAT; and (3) IGCSE.

Nashat T. Masri, a Founding Partner at Foursan, commented on the transaction: “Education has always been a differentiating factor for Jordan, and has provided graduates a strong foundation for successful careers across the region. Our acquisition of Sands gives us the opportunity to contribute to building the next generation of graduates and to prepare them for a rapidly evolving future.”

Foursan joined Sands’ Board of Directors and holds two of the company’s five board seats.

This is the second investment of Foursan Capital Partners II following its acquisition in November 2019 with its partners of a supermajority stake in Polymedic, a leading pharmaceuticals company in Morocco.

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.