Acquisition of Colegio Internacional de Valladolid
Internationella Engelska Skolan i Sverige Holdings II AB (”Internationella Engelska Skolan” or ”IES”) has as of 1 April 2019 through its wholly owned Spanish subsidiary International Education Partnership S.L (”IEP”) acquired 99.4% of the shares in Colegio Internacional de Valladolid, a fee-paying private school in Valladolid, Spain. The purchase price (enterprise value) for the operations amounts to approximately KEUR 800. The acquisition is financed through an equity contribution from IEP of KEUR 280. The building is not part of the acquisition and will be rented as opposed to IEP’s