Warburg Pincus, TA invest in Oakley-backed Inspired
Warburg Pincus and TA Associates have made a growth capital investment in Inspired, a UK-based international private schools operator backed by Oakley Capital.
Educas, which was founded by Nadim Nsouli with the backing of Oakley in 2013, will remain the largest shareholder in Inspired.
Oakley Capital Private Equity Fund II sold down part of its shares, while Oakley Capital Investments (OCI) will continue to hold its entire stake in Inspired, as well as its remaining indirect interest through Fund II.
OCI's share of proceeds from this transaction will be approximately €40m, while its interest in Inspired, through both its direct investment and Fund II, is valued at approximately €102m.
Previous funding
Oakley invested in Inspired in 2013 through its Oakley Capital Private Equity Fund II and directly via OCI. Subsequently, TA made a growth capital investment in the company in July 2017.
EQT Credit provided €115m in debt to support the company's expansion plan in 2018. The GP drew capital for the financing from its €530m EQT Mid-Market Credit Fund, which held a final close in April 2016.
Company
Established in 2013 and headquartered in London, Inspired manages a network of 50 private schools across Europe, Australia, Africa, the Middle East and Latin America, and counts a total of 38,000 students aged 1-18. The company has offices in London, Milan, Johannesburg, Bogota and Auckland.
People
Oakley Capital – Peter Dubens (managing partner).
Inspired – Nadim Nsouli (founder, CEO).
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