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ADvTECH Ltd is a listed entity on the Johannesburg Securities Exchange (JSE) and comprises 3 main divisions comprising the ADvTECH Group (‘ADvTECH’, ‘the Group’ or the ‘Company’): the Schools Division, Tertiary Division and Resourcing. The Schools Division (Pre-Primary, Primary, Secondary school business) consists of 76 sites. It comprises 7 brands namely Crawford SchoolsTM, Trinityhouse, Abbotts Colleges, Junior Colleges, ADvTECH Academies, Maravest and Centurus Colleges. The Tertiary Division comprises the following: Varsity College, Rosebank College, FLB (Forbes Lever Baker), VEGA, The Design School Southern Africa, The Business School at Varsity College. All of the tertiary brands operate under the auspices of The Independent Institute of Education, a registered private higher education provider. Operations are run from 18 registered sites of delivery. Finally, ADvTECH Resourcing (Recruitment & Placement Agency) encompasses various specialist brands across multiple sectors. The Resourcing division owns brands such as Brent Personnel, Cassel & Co, Communicate Personnel, Inkokheli HR Appointments, Insource.ICT, Network Recruitment, Tech-Pro Personnel and The Working Earth. Resourcing recently purchased CA Global Group which owns CA Global Headhunters and Africa HR Solutions. The JSE Listings Requirements are aligned with international best practice, and requires publicly available integrated reporting on an annual basis (these may be found on the Group website http://www.advtech.co.za).IFC proposes partnering with ADvTECH, with an investment of up to ZAR320m (approximately US$21m in ADvTECH Ltd (equivalent to a 4.5% equity stake) to be split as follows: (a) up to ZAR190m in new shares in the Company (for an up to 2.5% stake) (the “Primary” transaction); and (b) the balance of ZAR130m to purchase existing shares (the “Secondary” transaction). IFC’s Primary investment will go towards the funding of the Company’s expansion in South Africa and the rest of Africa (RoA). The expansion into RoA may involve the Company acquiring both minority and majority stakes in existing and greenfield companies within the scope (“the Project”). The focus is on education provision (more precisely, primary, secondary and tertiary educational facilities) (“the Scope”), but may also be extended to invest in other education projects on an opportunistic basis.