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AfricInvest, a Pan-African private equity firm, announced today that it has invested an undisclosed amount in International Community School (ICS), a leading private K-12 school in Ghana.

The fund manager said its investment – which was executed through its AfricInvest Private Equity Fund III – aims to support the growth of ICS by upgrading its facilities and funding its other expansion plans to reinforce the success of the school in both its Kumasi and Accra locations.

“AfricInvest’s investment will contribute to reinforcing ICS’s leading positioning in Ghana and West Africa,” said Ismail Talbi, Partner at AfricInvest. “It will help the school to upgrade its facilities according to world-class standards, secure international accreditations, build a new campus in Accra and grow its student numbers while continuing the focus on the academic excellence and affordability of the school.”

Founded in 2000, the ICS is an independent, co-educational institution that follows the British System of Education. The school has over 1,000 students from pre-school to high school grades. ICS’ main facility is a 20-acre campus outfitted with classrooms, libraries, art rooms, computer labs, and boarding houses.

“We are very excited to partner with such a reputable firm as AfricInvest to realize our growth plan,” said Dr. Charles Yeboah, Chief Executive Officer of ICS. “ICS has an ambitious goal of becoming a leading international school in West Africa, with an extended footprint in Ghana and beyond. We needed a great partner like AfricInvest to assist in reaching that end.”

AfricInvest manages over $1 billion across 16 funds and benefits provided by international investors such as development finance institutions, high networth individuals, pension funds, etc. Since it was founded in 1994, AfricInvest has invested in over 135 companies across 25 African countries in sectors such as financial services, agribusiness, consumer/retail, education, and healthcare.