Founder of Dubai-based GEMS mulls stake sale in school operator

Founder of Dubai-based GEMS mulls stake sale in school operator

The founder of Dubai-based GEMS Education held talks to sell some of his majority stake in the private-school operator to raise as much as $200m, according to people with knowledge of the matter.. Sunny Varkey, who transformed GEMS into one of the world's largest private education providers, is working with Rothschild & Co to find potential investors, the people said, asking not to be identified as the matter is private..