Brookfield group buys into GEMS Education

The potential deal would make the transaction one of the largest private equity deals in a closely-held business in the Gulf. — Bloomberg

DUBAI: A consortium led by Brookfield Asset Management Ltd is investing in GEMS Education, a Dubai-based family business founded by Indian immigrants who turned a single school into one of the world’s largest private education providers.

Financial details weren’t disclosed, but Bloomberg News has previously reported that the Canadian firm was looking to invest about US$2bil.