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Old Mutual Private Equity (OMPE) has acquired Honoris United Universities for an undisclosed amount. This transaction marks a significant corporate acquisition in the African education sector, seeing the private equity firm take ownership of the leading pan-African private higher education network. Honoris United Universities is recognized as the first and largest network of its kind, dedicated to providing relevant education for lifetime success across the continent.
Honoris United Universities operates a vast network comprising over 100,000 students across 76 campuses in 26 cities. It consists of 16 diverse institutions, including multidisciplinary universities, specialized schools, and technical and vocational institutes, offering more than 490 degrees in fields ranging from Medicine and Engineering to Business and Digital Arts. The network emphasizes developing world-class African talent with 21st-century skills, supported by over 1,000 employer partners and international academic collaborations. It has a stated mission to transform lives and is recognized as a New Champion by the World Economic Forum.
For Old Mutual Private Equity, a prominent investment firm, this acquisition represents a strategic move to capitalize on the growth potential within Africa's private higher education market. OMPE's investment in Honoris is expected to support and accelerate the network's expansion and its mission to deliver high-quality, market-relevant education. The acquisition aligns with a broader investment thesis in sectors demonstrating strong demographic tailwinds and essential service provision, such as education.
The synergy between OMPE's investment expertise and Honoris's established educational platform is anticipated to enhance operational efficiencies and foster continued innovation in learning environments. This corporate acquisition, distinct from a funding round, aims to leverage OMPE's resources to further strengthen Honoris's employability mandate and its commitment to developing entrepreneurial mindsets among its students. The combined entity is positioned to expand its impact, continuing to prepare the next generation of African leaders and professionals for global challenges.