Braeburn Schools Limited has reached a deal to acquire Hillcrest Schools, in one of the first major acquisitions expected this year.
According to a letter dated January 20, 2022, the schools said they reached the deal in principle, paving way for the sale transaction by the start of the third term of the 2021/22 academic year with all levels from kindergarten to secondary being sold out.
“The Sale Transaction is subject to various conditions, including due diligence by Braeburn, negotiation of formal agreements, and the parties obtaining all regulatory approvals, including those from the Ministry of Education and the Competition Authority of Kenya,” reads part of the letter.
On completion of the sale transaction, Braeburn school intends to continue operating the Hillcrest Schools under the Hillcrest brand and offer the highest quality of international curriculum education.
“We at Braeburn are very excited at the prospect of adding the Hillcrest Schools to the Braeburn Group. Students, parents and staff can look forward to a smooth transition and a progressive world-class international school.” the school said in a joint statement yesterday.
Terry Childs, Braeburn’s founder and now Group Chairman, expressed his happiness towards the addition of Hillcrest to the Braeburn Group.
“Students, parents, and staff can look forward to a smooth transition and a progressive world-class international school aimed at, not just our current children, but their children as well,” Childs said.
Hillcrest Schools were founded in the 1960s and purchased by the late Kenneth Matiba, one of Kenya’s politicians in 1974. In Kenya, Braeburn has campuses in Nanyuki, Thika, Kisumu, Mombasa, Nairobi, and Lavington while in Tanzania, the school has its campus in Arusha.