HIG Europe invests in International School of Europe

Last year, HIG backed Austrian boarding school St Gilgen International School, with the intention of creating a global education platform. St Gilgen and ISE will form the basis of the platform, which will be branded as International Schools of Europe Group.

Paolo and Franco Formiga will retain a stake in the Milan-based business, which operates international day schools across Italy. The former becomes chairman of the new ISE Group.

Following the deal, the group will focus on investment in new facilities and expanding the Modena, Monza and Siena schools. The group also plans to launch a bilingual Kindergarten in Milan, and a day and boarding school in partnership with Juventus Football Club.

HIG appointed Raffale Legnani, former founding partner at Atlantis Partners, as managing director of its new Milan office in February.

Company
Founded in 1957 and based in Milan, ISE provides international education in Italy. The group currently operates four schools that offer the International Baccalaureate curriculum to around 1,500 students aged 3-18.

The business employs 250 staff.

People
Raffaele Legnani is managing director of HIG Europe.

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