Braeburn Schools To Acquire Hillcrest Investments
Following an agreement entered into by the two parties on Wednesday last week, Braeburn Schools Limited is set to complete its bid to take over operations from Hillcrest Investments.
In a gazette notice dated September 19, 2022, Braeburn Schools Limited, the transferee, noted that it intended to acquire the assets and business operations of the transferor (Hillcrest International Schools)as soon as the conditions agreed upon are finalized.
“Notice is hereby given under the Transfer of Businesses Act (Chapter 500, Laws of Kenya) that the nursery, primary, secondary education, and student boarding business carried on by Hillcrest Investments Limited (Transferor) under the names Hillcrest, Hillcrest Secondary, Hillcrest International, Hillcrest Preparatory, Hillcrest Early Years, and Hillcrest Kindergaten be transferred to Braeburn Schools Limited,” read part of the notice.
The agreement will also see Braeburn carry out its operations at the same premises where Hillcrest is situated in Langata Road, Karen, Nairobi.
In the notice, Braeburn was, however, said that it shall not be liable for money debts and liabilities owing by Hillcrest in respect of their businesses up to last week’s date (September 14, 2022), noting that this is a matter for Hillcrest to receive and settle.
“Save as specifically provided in the agreement, the transferee will not assume nor is it intended to assume any liabilities incurred by the transferor with respect to its assets or business up to the date of transfer,” added the notice.
Hillcrest Schools was once owned by the late renowned Kenyan politician, Kenneth Matiba.
Braeburn Schools To Acquire Hillcrest Investments
