OMERS Private Equity announces international investment
LONDON, May 24, 2021 (GLOBE NEWSWIRE) – OMERS Private Equity today announced that it has signed an agreement to acquire a 25% interest in International Schools Partnership (“ISP” or the “Company”) from Partners Group. OMERS Private Equity invests on behalf of OMERS, the defined benefit pension plan for municipal employees in the province of Ontario, Canada. The transaction values ISP at an enterprise value of 1.9 billion euros.
ISP is a leading group of 50 international schools currently covering 15 countries and serving approximately 45,000 students globally through multiple curriculum options. Its experienced and ambitious management team, led by Steve Brown, CEO, is committed to expanding ISP’s global network, having added 50 schools between 2014 and 2020.
Jonathan Mussellwhite, Senior Managing Director and Head of European Private Equity OMERS, said: “Over the past 15 years, OMERS Private Equity has successfully implemented a strategy of partnering with the management teams of large companies in the industry. ISP is a perfect fit for this strategy, especially given the strength and experience of its management team. We are excited to add ISP to our portfolio as we continue to seek opportunities to deploy capital across Europe and grow our European Private Equity business. “
Steve Brown, CEO of ISP, mentionned: “We have successfully developed ISP since its inception in 2013 with the support of Partners Group. As we focus on expanding the global ISP network, we are delighted to now have OMERS Private Equity invested alongside us. We look forward to working closely with the experienced and active OMERS team. We applaud their long-term approach to value creation and are confident that with OMERS, together with Partners Group, we will be able to continue to deliver exceptional results.
James Frankish, Director of OMERS Private Equity, said: “Steve Brown and the ISP team, working with Partners Group, have made ISP a global leader, and we are excited about the opportunities ahead as we team up to drive continued and accelerated growth.”
David Layton, Co-CEO, Partners Group, says: “ISP is a classic example of entrepreneurial ownership and transformational investment in action. After investing heavily in the education sector, we have seen the potential to create a leading platform for K-12 schools, supported by the growing global demand for high quality education. . to support a great management team and get down to business building a business from scratch. Today, we are pleased to welcome OMERS as a shareholder of ISP, which is already one of the largest K-12 school groups with growth potential ahead of it. “
Weil, Gotshal & Manges LLP acted as legal counsel to OMERS Private Equity. EY acted as financial advisor for OMERS Private Equity.
Notes to Editors
OMERS Director, Global Media Relations
Global Head of Communications, Partner Group
Phone: +44 207 575 2571
Email: [email protected]
About OMERS and OMERS Private Equity:
Founded in 1962, OMERS is one of the largest defined benefit pension plans in Canada, with C $ 105 billion in net assets as of December 31, 2020. OMERS invests and administers the pension plans of more than half -million participants by creating and managing a diversified portfolio of investments in public markets, private equity, infrastructure and real estate.
OMERS had a private equity investment net asset exposure of C $ 14.8 billion as at December 31, 2020. OMERS Private Equity, the private equity investment division of OMERS with a team of professionals investment firms in London, New York, Singapore and Toronto, seeks to use its significant and differentiated capital base to partner with the management teams of leading companies in the industry.
For more information, please visit www.omersprivateequity.com
About Partners Group:
Partners Group is a leading global private market company. Since 1996, the company has invested more than $ 145 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients around the world. Partners Group seeks to generate superior returns by capitalizing on thematic growth trends and transforming attractive companies and assets into market leaders. The company is a committed and responsible investor and aims to create sustainable returns with lasting and positive impact for all of its stakeholders. With more than 109 billion USD in assets under management as of December 31, 2020, Partners Group offers an innovative range of tailor-made client solutions to institutional investors, sovereign wealth funds, family offices and individuals around the world. The company employs more than 1,500 diverse professionals in 20 offices around the world and has a regional headquarters in Baar-Zug, Switzerland; Denver, United States; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN).
For more information, please visit www.partnersgroup.com
About the international schools partnership:
Founded in 2013 and based in the UK, the International Schools Partnership (ISP) currently operates 50 schools in 15 countries, serving over 45,000 students aged 2-18. ISP’s growing group of private schools has over 7,000 employees and is located in the United States, Canada, Italy, Spain, Switzerland, United Kingdom, Chile, Colombia, Costa Rica, in Ecuador, United Arab Emirates, Qatar, Malaysia, Mexico and Peru.
For more information, please visit: https://www.internationalschoolspartnership.com/