CVC Capital Partners has acquired a 20% stake in International Schools Partnership (ISP), in a deal that values the global private schools operator at €7bn ($8.2bn), according to a report by Reuters citing people familiar with the matter.
The investment sees CVC join Swiss private equity firm Partners Group, which will retain its majority ownership of ISP. Founded in 2013, ISP operates 111 schools across 25 countries, educating more than 110,000 students.
Both CVC and Partners Group said they will focus on expanding ISP’s footprint by acquiring additional schools globally, while also investing in new technologies designed to enhance teaching and learning.
Shares in Amsterdam-listed CVC rose around 2% in early trading following the announcement.
