Latest news with #KFG
Zawya
a day ago
- Business
- Zawya
Taaleem to acquire Kids First Group a leading GCC early-learning education provider
KFG operates a portfolio of highly reputed brands including Redwood Montessori Nursery, Odyssey Nursery, Willow Children's Nursery, Ladybird and Children's Oasis offering four different curricula through 34 nurseries in Dubai, Abu Dhabi and Doha catering to more than 5,000 students, with potential for further growth across the portfolio. This transaction is in line with Taaleem's disciplined and value-driven approach in deploying capital and is expected to contribute strong cashflows to the Group and be financially accretive to Taaleem shareholders. Post-acquisition, KFG will operate as a standalone vertical within Taaleem's portfolio. Mr. Kamil Najjar, the Founder and 5% shareholder of KFG, will oversee the future growth of the group. As CEO, Mr. Najjar and the current management team will continue to leverage their operational expertise and strong track record of successfully growing the portfolio. The transaction is subject to regulatory approvals and is expected to complete in Q4 of Taaleem's financial year 2024/25. Dubai, United Arab Emirates: Taaleem Holdings PJSC (the "Group" or "Taaleem"), a leading provider of K-12 premium education in the UAE, today announced that it has signed a Sale and Purchase Agreement ('SPA') to acquire 95% shareholding in Kids First Group Limited ('KFG'), a leading early-learning premium education provider in the GCC. KFG complements Taaleem's highly sought-after K-12 offering with KFG's network of top-rated premium nurseries. The acquisition is expected to deliver a value-accretive expansion for Taaleem into the high-growth early-learning segment, offering immediate accretion to both earnings and cashflow. KFG operates a diversified network of 34 centrally located nurseries with premium positioning in areas close to business districts and within residential districts in Dubai, Abu Dhabi and Doha. It currently serves more than 5,000 students across multiple leading brands. KFG offers four curricula at various price points, enabling the company to offer a tailored education offering that caters to a broad segment of the market. The business is cashflow accretive from day one. KFG offers a unique opportunity for Taaleem to acquire a 'plug-and-play' platform with an impressive track record of delivering and managing high-growth. The transaction is in line with Taaleem's disciplined and value-driven approach in deploying capital. The acquisition will be fully self-funded through a mix of equity and debt and is expected to complete in Q4 of Taaleem's financial year 2024/25, subject to regulatory approvals and other pre-completion conditions. Khalid Al Tayer, Chairman of the Board of Taaleem, said: 'This acquisition of Kids First Group represents an important next chapter in Taaleem's growth strategy. By expanding further into the early-learning education segment, we are creating a comprehensive educational pathway that supports children from their earliest stages of development through to K-12 education. Kids First Group's proven track record and diverse network of leading nurseries, which receive strong recognition and demand amongst parents, strongly complement our existing market-leading portfolio, while further diversifying Taaleem's offering. This strategic move reinforces our defensive positioning and our commitment to scalable, high-quality education in the region.' Philippe Tapié, Chief Executive Officer of People & Baby Group, said: 'We are very proud to have partnered with Kamil Najjar and of what Kids First Group has accomplished over the years, building a trusted network of premium nurseries that place children's development and wellbeing at the heart of everything they do. As long-standing custodians of KFG, it is a privilege to now entrust its future to Taaleem, one of the region's most respected and forward-looking education providers. We are confident that KFG's legacy will flourish under Taaleem's stewardship and remain thankful to the families, educators, and partners who have supported this journey to date.' Kamil Najjar, Founder and Chief Executive Officer of KFG, said: 'Since its inception, KFG has been built for one unwavering purpose: the well-being and development of the KFG individual child. For over 14 years, this singular mission has guided the Group's growth and success. Today marks an exciting new chapter in KFG's journey. Taaleem's strong educational legacy will enable both organisations to enhance educational standards and accelerate the growth of premium early-learning centres. Together, KFG and Taaleem are committed to setting a new benchmark in early childhood education - preparing children to thrive in an increasingly complex and fast-evolving world, and ensuring they benefit from holistic, world-class learning environments from their earliest years' Following the completion of the acquisition, KFG will be run as a standalone vertical within Taaleem's portfolio, with the existing management, including the company's founder – Kamil Najjar, who continues as a Shareholder with a 5% stake, working with Taaleem's Board of Directors to leverage their deep expertise in the sector and proven track record of delivering sustainable growth and high-quality education. Deloitte Corporate Finance Advisory Limited acted as Financial Adviser and Freshfields Bruckhaus Deringer LLP acted as Legal Adviser to Taaleem; while Centerview Partners and Linklaters LLP acted as Financial and Legal Advisers respectively to People & Baby Group.
Al Etihad
a day ago
- Business
- Al Etihad
Taaleem signs deal to acquire 95% stake in Kids First Group
19 June 2025 09:38 A. SREENIVASA REDDY (ABU DHABI)Taaleem Holdings, a leading K–12 premium education provider in the UAE and a Dubai Financial Market-listed company, has signed a deal to acquire a 95% stake in Kids First Group Limited (KFG), a prominent early-years education network operating across the a stock market disclosure on Thursday, Taaleem said the acquisition will be funded through a mix of equity and debt and is expected to close by the fourth quarter of its 2024/25 financial year, subject to regulatory approvals. The cost of the transaction was not disclosed in the statement. 'This strategic move reinforces our defensive positioning and our commitment to scalable, high-quality education in the region,' said Alan Williamson, Chief Executive Officer of Taaleem, in the operates over 30 premium nurseries in Dubai, Abu Dhabi, and Doha under well-known brands such as Redwood Montessori Nursery, Odyssey Nursery, Willow Children's Nursery, Ladybird Nursery, and Children's Oasis Nursery. The group serves over 5,000 students and employs more than 1,000 said the acquisition allows it to strategically expand into the rapidly growing early learning education sector, complementing its existing portfolio of 32 schools — which includes 10 premium private schools and 22 government-partnership institutions. Its premium schools span international curricula: five IB schools, four British curriculum schools, and one American curriculum to the company, KFG's scalable model and profitability will immediately enhance Taaleem's earnings and cash flow. Post-acquisition, KFG will operate as a standalone vertical within the Taaleem group, with its founder — who retains a 5% stake — continuing as CEO alongside the existing management which was listed on DFM in November 2022, currently has a market capitalisation of Dh3.6 billion. It is indirectly owned by the Government of Dubai, with National Bonds and Knowledge Fund holding stakes of 22.5% and 13.7% respectively. The company said it would hold a dedicated virtual investor call to provide further details on the transaction.
