Investec Asset Management acquires Richfield Holdings (South Africa)

Investec Asset Management has acquired the business of Richfield Holdings which is a group of private colleges operating in South Africa. Richfield provides accredited Higher Education degrees, diplomas and certificates as well as technical & vocational training (TVET) courses and has trained over 250,000 students. The equity funding provided will be used for expansion in the education sector in South Africa. Investec Asset Management was impressed with the experienced management team led by the founder and CEO Jay Ramnundlall who has contributed to various awards for Richfield. The amount invested is undisclosed. Investec Asset Management has over $100 billion in assets under management.

 

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