Paradigm Capital increases IES stake to 57.6%

The GP has increased its stake to 57.6%, amounting to 23 million shares, according to a disclosure filed by the company.

According to Swedish publication Direkt, the GP previously owned around 20% of the shares in IES. Other major shareholders include TA Associates, Bock Capital, founder Barbara Bergstrom, Svedbank Robur and Handelsbanken. 

According to IES, revenues for the 2018/2019 financial year amounted to SEK 2.78bn (c€270m). The company has a current market cap of SEK 3.19bn.

Company
Founded in 1993 and based in Stockholm, Internationella Engelska Skolan is an operator of independent schools focusing on providing education in English. The company currently operates 39 schools in Sweden. According to its LinkedIn page, it has more than 1,000 staff. 

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