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HIG Capital sells International School of Europe Group

HIG Europe, the European arm of global private equity firm HIG Capital, is to sell the International School of Europe Group (ISE).

Closing of the transaction is expected in mid-September 2016. Terms have not been disclosed.


ISE, founded in 1958 by the Formiga family, is a group of schools in Italy with over 1,800 local and expatriate students between the ages of three and 18 years old in Milan, Modena, Monza and Siena. ISE is one of the leading IB schools in Europe.
 
Raffaele Legnani, managing director of HIG and head of HIG’s activities in Italy, says: “Paolo and Franco Formiga have been terrific partners for HIG on this project and have helped us deliver an outstanding result for HIG and its investors.”


Formiga says: “We would like to thank HIG for their assistance in the development of ISE and we are excited to join the Inspired community of schools that will provide additional opportunities of growth for ISE’s students and teachers.”
 
Nadim M Nsouli, founder and chairman of Inspired, adds: "We look forward to welcoming the students, parents and staff of ISE into our family of schools. We believe this represents an exciting development for both Inspired and ISE and look forward to working with the ISE leadership team to build upon the schools' impressive history of providing families in Milan, Modena, Monza and Siena with world class international education.”

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