Latham & Watkins is advising Partners Group, a leading global private markets firm, on expanding the shareholder base of International Schools Partnership (ISP), a leading international group of K-12 schools. Incoming shareholder OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, has agreed to acquire a 25% stake in ISP. Partners Group will continue to hold a majority stake in ISP on behalf of its clients. The transaction values ISP at an enterprise value of ā¬1.9 billion.
Partners Group formed UK-headquartered ISP in 2013 with the intention of creating a leading international school group through a buy-and-build strategy. Today ISP is the fifth largest K-12 international school group globally, operating 50 schools across 15 countries and serving more than 45,000 pupils.
The Latham team is being led by London corporate partner Kem Ihenacho, with associates Katie Peek, Devdeep Ghosh, and Migle Vasiliauskaite.
Client name and role in the deal:Ā Sidley is advising Partners Group, a leading global private markets firm, on expanding the shareholder base of International Schools Partnership (ISP), a leading international group of K-12 schools. Incoming shareholder OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, has agreed to acquire a 25% stake in ISP. Partners Group will continue to hold a majority stake in ISP on behalf of its clients.
Sidley deal team:
- Lead: Eleanor Shanks (partner, Private Equity)
- Matthew Anson (senior associate, Private Equity), Khalid Hayat, Hui Zhen Gan, Peter Mabe, Daire Carr (associates, Private Equity)
- James Crooks (partner, Global Finance), Nils Gravenhorst, Morgan Jenkins (associate, Global Finance)
- Oliver Currall (partner, Tax), Jason Menzies (partner, Tax), Nicole Bieber (associate, Tax)
- Susan Fanning (partner, Employment), Chris Morgan (associate, Employment)
- Jack Mayall (senior associate, Real Estate)
- Rachpal Thind (partner, Banking and Financial Services), Tom Hunter (senior associate, Banking and Financial Services), Justine Fassion (associate, Global Arbitration, Trade and Advocacy)
- William Long (partner, Data Privacy), Francesca Blythe (senior associate, Data Privacy), Eleanor Dodding (associate, Data Privacy).
Value:Ā The transaction values the business at an enterprise value of EUR 1.9 billion.
