Travers Smith LLP has advised the management team of International Schools Partnership ("ISP") in relation to the acquisition of a 25% stake in ISP by OMERS Private Equity from Partners Group (the current majority shareholder) with a reinvestment by the senior management team. The transaction values ISP at an enterprise value of EUR 1.9 billion.
ISP is a leading group of 50 international schools currently spanning 15 countries and serving around 45,000 students globally through multiple curricular options. Its management team, led by Steve Brown, CEO, is committed to expanding ISP’s global network, after having added 50 schools between 2014 and 2020.
The transaction is subject to closing conditions and is expected to close in July 2021.
The Travers Smith team was led by Private Equity & Financial Sponsors Partner Adam Orr supported by Associates Eve Dwyer and Rachel Taggart. Specialist tax advice was provided by Tax Partner Hannah Manning, supported by Associate Lewis Currie.
Jamieson Corporate Finance acted as financial advisers to management.
