Investment Summary

Foursan Group Invests In Jo Academy

On December 17, 2021, private equity firm Foursan Group invested in education company Jo Academy

Investment Highlights
  • This is Foursan Group’s 3rd transaction in the Education sector.
  • This is Foursan Group’s 11th transaction in Jordan.

Investment Summary

Date 2021-12-17
Target Jo Academy
Sector Education
Investor(s) Foursan Group
Deal Type Stake Purchase

Target

Jo Academy

Amman, Jordan
website
Jo Academy is an online private tutoring platform offering online supplementary courses (pre-recorded and live) to Grade 12 students enrolled in the Jordanian national program (Tawjihi). Jo Academy is based in Amman, Jordan.

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Investor(S) 1

Investor
DESCRIPTION

Foursan Group is a private equity firm focused on opportunities in the Middle East. Foursan has launched multiple growth capital funds in partnership with leading regional and global investors to invest across a broad range of industries in the financial services, education, pharmaceutical, healthcare, aviation, and food/beverage sectors.


DEAL STATS #
Overall 14 of 18
Sector (Education) 3 of 3
Type (Stake Purchase) 5 of 7
Country (Jordan) 11 of 15
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-13 Polymedic

Casablanca, Morocco

Polymedic is a generic pharmaceuticals manufacturer with a portfolio of approximately 190 registered products in a wide range of therapeutic areas including dermatology, cardiovascular, ENT, and CNS. Polymedic was founded in 2001 and is based in Casablanca, Morocco.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 MenaITech

Amman, Jordan

MenaITech is a human resource management software company. MenaITech specializes in the development and provisioning of Human Capital Information Systems (HCIS) to both public and private organizations. MenaITech was founded in 2003 and is based in Amman, Jordan.

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