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News > 2016 > August

Press release

INSPIRED INVESTS IN TWO ITALIAN SCHOOLS

30 August 2016


International schools group Inspired has agreed to invest in two Italian schools, weeks after announcing it had acquired one in Belgium. The deals, to buy the International School of Europe Group and St Louis School, take Inspired’s portfolio to 23 schools on four continents.

The transactions' terms were not disclosed. Founded in 1958 by the Formiga family, the International School of Europe (ISE) operates schools in Milan, Modena, Monza and Siena and caters to 1,800 students aged 3 to 18. Inspired bought it from private equity house HIG Capital, which invested in 2014. Raffaele Legnani, head of HIG Italy, said that the school had delivered “an outstanding result for HIG and its investors”. Inspired has also invested in St Louis School, Milan which caters to more than 1,000 pupils in the same age group.

Founder Luciana Vescovi, who will continue to run the school, said the deal offered St Louis “multiple opportunities for growth” and expansion of facilities. Inspired bought St John’s school in Belgium earlier in August and the recent deals will increase its student body to 15,000.

The group owns premium-bracket schools in Europe, Australia, Africa and Latin America and is backed by holding company Educas, which was founded by ex-private equity investor Nadim Nsouli."

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