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Sommet Education Invests Into South Africa With Majority Stake Acquisition Of Invictus Education


iAfrica
2 hours ago
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With an ambition to continue its expansion strategy and consolidate its status as a leading network in hospitality education, Swiss-based Sommet Education, together with Invictus Education Group, are pleased to announce that Sommet Education has acquired a majority stake in Invictus Education alongside Invictus’ historical shareholders.
With this acquisition, Sommet Education will effectively double its worldwide footprint, increasing its global number of campuses to 17 from nine and increasing its capacity to 9 000 from 6 000 students. 
Sommet Education CEO Benoît-Etienne Domenget, noted, “
The Sommet Education growth strategy leverages on acquisitions of local, regional and international hospitality education brands as well as adjacent and complementary business lines. Together with Invic ....

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Sommet Education to double its global footprint with the acquisition of the Invictus Education Group, a leading private education and training operator in South Africa


Sommet Education to double its global footprint with the acquisition of the Invictus Education Group, a leading private education and training operator in South Africa
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LAUSANNE, Switzerland, April 21, 2021 /PRNewswire/ Sommet Education, the worldwide network of first-class higher education hospitality and culinary arts schools, together with Invictus Education Group, South African leading private education operator, are happy to announce that Sommet Education is acquiring a majority stake in Invictus Education alongside its historical shareholders. With this acquisition, Sommet Education is doubling its worldwide footprint, bringing the number of its campuses worldwide from nine currently to seventeen and student number from 6,000 to 9,000 students. The signing marks the start of a rapid expansion plan in South Africa and further pan-African developments. ....

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