News | 01 July 2021

The Swedish Schools Inspectorate has approved the changes in the ownership structure of Internationella Engelska Skolan i Sverige AB

The Swedish Schools Inspectorate (Skolinspektionen) has today announced that it has completed an ownership and management review (ägar- och ledningsprövning) and approved the change in Internationella Engelska Skolan’s (IES) ownership structure where Paradigm Capital AG is the new main owner via two investment funds together with the IES founders' foundation, The Hans and Barbara Bergstrom Foundation. Together, they own 75 percent of the votes in IES.

Carola Lemne, chairman of the board of Internationella Engelska Skolan, said: “We are pleased that this long process has now been completed so that everyone can continue to be confident that IES not only runs some of the country's best schools but also has long-term and credible owners. Unfortunately, due to covid-19, the review has taken considerably longer than anyone would have liked. There is a great need to enhance Swedish students’ knowledge and we look forward to contributing by making it possible for more students to attend an IES school."

The other owners are passive owners and none of them has more than 10 percent of the votes and thus no controlling influence over IES.