G Square looking to exit ISPS - report

The report cited two sources familiar with the situation confirming that Lazard had been mandated to handle the process. The auction for the French business, which specialises in healthcare and paramedical training, is likely to start in September, after the vendors shelved plans to test the market earlier this year due to Covid-19, one of the sources said.

ISPS, which trains healthcare workers in France, Spain, Italy and South America, generates EBITDA in the region of €10m.

French GP Montefiore Investment held the asset for five years before selling to G Square in February 2016.

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