Amanat Holdings, a leading healthcare and education investment company, has completed the sale of its education real estate asset for $123 million (AED 453 million).
The sale, which resulted in an unlevered cash-on-cash multiple of 1.7 times and an internal rate of return of 10 percent, will generate a net cash return of $80 million (AED 294 million). The asset sold comprises the real estate of the North London Collegiate School, a property Amanat acquired in June 2018 for $98 million (AED 360 million).
Following the acquisition, Amanat funded a capital expansion of $9 million (AED 33 million), bringing its total investment in the asset to $107 million (AED 393 million). This transaction marks a significant step in the company’s investment strategy, reflecting its strong approach to monetizing high-value assets.
This successful exit aligns with Amanat’s proven ‘identify, grow, monetize’ strategy, which focuses on acquiring high-potential assets, accelerating their growth, and monetizing them at optimal times. The proceeds from this sale will be used to unlock further value for shareholders and create new opportunities for investment in similarly attractive assets.
Dr. Shamsheer Vayalil Chairman – Amanat
“The sale of our non-core education real estate asset at a compelling valuation is a testament to Amanat’s ability to identify, grow, and strategically exit our high-quality investments. This transaction broadens our strategic options and reflects our continued focus on unlocking value and generating superior returns for shareholders.”
Amanat’s CEO John Ireland remarked that, “We are pleased to have completed the sale of our education real estate investment at a premium to our original investment, delivering a compelling financial return. This transaction enhances our balance sheet and provides flexibility to return value to shareholders, as well as to deploy capital into new opportunities aligned with our strategic priorities.”
Amanat remains committed to scaling its high-performing healthcare and education businesses, continuing to deliver strong, sustainable returns for its shareholders while capitalizing on future monetization opportunities.
