Actis-backed Honoris makes first acquisition in Egypt

Image Credit: Honoris

Honoris United Universities, a network of private higher education institutions set up by Actis in 2017, is adding another university to its platform. In late December, the firm announced that it has agreed to acquire Merit University, a private higher education provider in New Sohag City in Upper Egypt, marking Honoris’s entry into the North African country’s higher education market. The terms of the deal, which will close once the necessary regulatory approvals have been granted, had not been disclosed as we went to press.

Egypt boasts a market of over 3 million students who are currently enrolled in higher education, a number that is set to expand given the country’s demographic trends. Established in 2019, Merit University offers subjects within three faculties – Medicine, Pharmacy, and Physiotherapy – and the acquisition by Honoris is expected to help boost its ability to meet the demand for high-quality STEM education services in Egypt. “Becoming part of the Honoris family will significantly add to the value proposition for our students and build the academic strength of our current and planned faculties,” noted Dr. Seddik Afifi, Chairman of Merit’s Board of Trustees.

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