Hig Europe, the European branch of the international investment fund Hig Capital, has announced the signing of a binding agreement with Inspired for the sale of the International School of Europe (ISE). Completion of the transaction is expected by mid-September. Terms of the sale have not been made public.
Ise, founded in 1958 by the Formiga family, is a group of international schools with over 1.800 Italian and foreign students aged between 3 and 18 and with offices in Milan, Modena, Monza and Siena. It is one of the most prestigious international schools in Europe for the achievement of the International Baccalaureate.
“Paolo and Franco Formiga have been exceptional partners for Hig in this development project which has allowed us to achieve an excellent result for our investors,” commented Raffaele Legnani, Managing Director of Hig.
“We thank Hig for the support in the development of the group – said Paolo Formiga -. We are excited to join the Inspired community of schools which will provide further growth opportunities for ISE students and teachers.”
