Partners Group Private Equity Ltd on Friday announced the sale by Partners Group AG of a minority stake in International Schools Partnership to CVC Strategic Opportunities. Partners Group, PGPE’s investment manager and a subsidiary of Partners Group Holding AG, said that ‘acting on behalf of its clients, [it] is to welcome’ CVC Strategic Opportunities as a ‘significant minority shareholder’ with a 20% stake in K-12 schools platform ISP. The CVC Strategic Opportunities platform is run by private markets manager CVC Capital Partners. The deal, Guernsey-domiciled PGPE said, values its ISP shareholding in line with the latest published net asset value, at approximately €45 million. PGPE said that as part of the agreement, it will sell approximately 20% of its exposure, worth around €9 million, to ISP in a transaction expected to close by the first quarter of 2026. The direct private equity investment holding firm, also on Friday, reported an NAV of €13.80 per share for August, saying: ‘The underlying portfolio delivered solid value creation of 0.7%, though this was offset by currency headwinds primarily as the US Dollar weakened 2.2% against the Euro during the month, negatively impacting NAV by 1.0% and resulting in a total return decline of 0.7%.’ Baar, Switzerland-based Partners Group said ISP, which it founded in 2013, is one of the world’s largest K-12 school platforms with ‘a proven growth strategy, adding high-quality schools...in locations with strong demand and enhancing them’. ‘During its ownership, Partners Group’s transformational investing approach has focused on helping ISP’s schools to deliver high-quality education,’ Partners Group said. ‘In ISP’s next phase of growth, the new shareholder group and management team will work together on further driving the company’s successful strategy. ‘Key value creation initiatives will include adding new schools to the platform, investing in the development and implementation of proprietary technology solutions as part of teaching, and further expanding the infrastructure of schools to improve the student experience and provide room for future growth.’ PGPE shares were flat at 920.00 pence under the PEYS ticker on Friday in London, having last publicly sold on Thursday. They were also flat at €10.55 in London under PEY. Partners Group Holding shares were up 0.3% at fr.1,036.50 in Zurich. Copyright 2025 Alliance News Ltd. All Rights Reserve
|