Bock Capital: Sale of shares in Internationella Engelska Skolan i Sverige Holdings II AB (publ)

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA, HONG KONG, SWITZERLAND, SINGAPORE OR NEW ZEELAND OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Bock Capital Investors S.à r.l. (“Bock Capital”) has sold 7,000,000 shares in Internationella Engelska Skolan i Sverige Holdings II AB (publ) (“IES”) (Nasdaq Stockholm: ENG) to the Paradigm Capital Value Fund and other institutional investors advised by Paradigm Capital AG (the “Sale”). The price was set to SEK 67 per share, which means that the total value of the Sale amounted to SEK 469 million. ABG Sundal Collier AB (“ABG Sundal Collier”) advised Bock Capital in connection with the Sale.

As a result of the Sale, Paradigm Capital Value Fund becomes the third largest owner of IES, with total holdings of 3,305,621 shares and votes in IES, corresponding to 8.3 percent of total number of shares and votes in IES and the Paradigm Capital Value LP will own 2,010,536 shares and votes in IES corresponding to 5.0 percent of total number of shares and votes in IES. Following the Sale, Bock Capital’s holdings decreased from 19,904,970 shares and votes in IES to 12,904,970 shares and votes in IES, and from 49.7 percent to 32.2 percent of the total number of shares and votes in IES. Bock Capital remains as the largest owner in IES.

Subject to customary exceptions or obtaining consent from ABG Sundal Collier, Bock Capital has agreed to a lock-up period of 120 days, in relation to its remaining shares in IES.

About Bock Capital:
Bock Capital is a Luxembourg-based growth private equity firm investing in growing private companies throughout Europe. The firm’s goal is to invest in profitable and growing companies. Present on the European market since 2007, Bock Capital has deep expertise in technology, financial services, business services, healthcare and consumer industries. The firm offers its portfolio companies financial support, strategic guidance and a significant network of contacts. It also helps its portfolio companies navigate the complicated paths of public offerings, debt financings and mergers and acquisitions.

About the Paradigm Capital Value Fund:
The Paradigm Capital Value Fund was founded in 2007. The Fund Manager, Paradigm Capital AG, is based in Munich, Germany. The Fund follows a dedicated value investing strategy in the Graham and Dodd tradition under the chairmanship of Professor Bruce C N Greenwald. It has a long-term focus and no time limitations to its investments. The Fund makes investments in public companies in Europe with a focus on the Nordic countries, German speaking regions, and the U.K.

Important information
The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in IES in any jurisdiction.

Any investment decision in connection with the Sale must be made on the basis of all publicly available information relating to the Company and the Company’s shares. Such information has not been independently verified by the ABG Sundal Collier. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness.

This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied or distributed, directly or indirectly, to the United States, Canada, Japan, Australia, South Africa, Hong Kong, Switzerland, Singapore or New Zeeland or in any other jurisdiction where the announcement, publication or distribution of the information would not comply with applicable laws and regulations.

This press release is not a prospectus for the purposes of Directive 2003/71/EC (the “Prospectus Directive”). IES has not authorized any offer to the public of shares or rights in any member state of the EEA and no prospectus has been or will be prepared in connection with the directed share issue. In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive.

In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, “qualified investors” who are (i) persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this document and should not act or rely on it.