The ADvTECH Group has announced the successful acquisition of a 100% interest in Flipper International School in Addis Ababa, for USD 7.5 million (approximately 900 million birr). This strategic move reinforces ADvTECH’s position as a leading provider of private education across the African continent.
With this acquisition, ADvTECH will add five schools and approximately 3,500 students to its international portfolio in one of the fastest-growing cities in Africa. The deal was internally funded by ADvTECH, reflecting the group’s commitment to expanding its educational offerings.
Geoff Whyte, CEO of ADvTECH, expressed enthusiasm about the acquisition, stating, “We are delighted to welcome Flipper International School to the ADvTECH Group as we expand our presence across Africa and further cement our status as leaders in teaching and learning on the continent.”
Flipper International School, founded in 1998 by Menna Selamu and Serkaddis Seifu, is known for its academic excellence. In 2018, the founders sold an 85% stake to Tana Africa Capital and the Saham Group, who provided funding for enhancements in technology, academics, governance, and human resources. This investment has significantly contributed to the school’s growth over the past five years.
The school operates five campuses located in Beklobet and Summit areas of Addis Ababa, with a total capacity exceeding 3,500 students. As Ethiopia experiences rapid urbanization, the demand for quality private education has surged due to constraints within the public schooling system.
Whyte emphasized ADvTECH’s unique position to make a meaningful impact on people’s lives through education. “Flipper International School has always been a beacon of academic excellence in the region. We look forward to applying our resources and expertise to this school and taking it to even greater heights in the years to come,” he added.
Sharing their thoughts on the acquisition Menna and Serkaddis said “We are incredibly proud of what we have built at Flipper International School. Our mission has always been to be a beacon of academic excellence in the region. We are confident that ADvTECH’s expertise and resources will help the school further enhance the educational experience and growth opportunities for students and staff.”
