Abraaj in talks to buy Middlesex University‘s Dubai campus


graduates-351603_960_720 (1)Emerging markets-focused private equity firm The Abraaj Group is reportedly in talks to buy Middlesex University‘s overseas campus in Dubai.

The firm is in discussions to acquire the campus in a deal that could be worth around $55m to $70m according to Reuters, which cited sources familiar with the matter.

Three months ago, the buyout house was chosen by shareholders of the university campus, as preferred bidder and invited to conduct due diligence, one source added.

A spokesperson for Abraaj declined to comment on the news. A spokesperson for Middlesex University did not immediately respond to a request for comment.

The campus, which opened in 2005 and has more than 2,500 students, offers undergraduate and postgraduate programmes, according to its website.
Middlesex University Dubai’s EBITDA were about $6.8m last year, the sources added.

Last year, The Abraaj Group tapped its second North Africa Fund to invest in Egypt-based education services provider Tiba Group.

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