TPG has become the latest U.S. private-equity firm to invest in Africa, making its first investment in a chain of private schools in Morocco, to tap into a middle class which is spending more on education.
TPG, led by billionaire David Bonderman, and its partner in Africa, Satya Capital Ltd., under Chairman Mo Ibrahim, will pay 250 million Moroccan dirhams ($25 million) for a minority stake in Ecoles Yassamine, people familiar with the transaction said.
Read the full story at WSJ, by Simon Clarck
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