South African recruitment firm AdvTech which also operates in the education sector, announced that it has acquired Makini Group, a chain of schools based in Kenya.

The acquisition adds nine schools, five campuses, boarding facilities and approximately 4,100 students to its portfolio.

ADvTech’s expansion follows the establishment by the group of a new partnership with Scholé Ltd, which has managed various schools throughout Sub-Saharan Africa since 2012. The new partnership will strive to acquire schools across the continent and build a network of institutions known for their academic excellence in the mid-fee segment. ADvTech holds a majority stake, with the remaining shareholding held by the original founders of Schole International and Caerus Capital, an international education consultancy group.

The group added that structures are in place to expand into the rest of Africa and to further explore opportunities with various schools in the region.

“The acquisition will strive to acquire schools across the continent and build a network of institutions known for their academic excellence in the mid-fee segment,” the group stated.

No further details of the transaction were disclosed.

AdvTech reported revenue for the year ended 31 December 2017 of ZAR 4.08 billion (USD 340.7 million), an increase of 22% compared to last year. Revenue for the full year was driven by the group’s tertiary and resourcing divisions.

The company earns most of its revenue through two separate education divisions, Schools and Tertiary. AdvTech Group’s Resourcing division’s activities include permanent and temporary staffing solutions; as well as recruitment advertising, e-recruitment, and advertisement response handling.