Riverside’s private equity
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News Release

Riverside Invests In Swedish Private School Operator October 20, 2011

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The Riverside Company has invested in PPS Power Planning System AB (PPS), a private school operator in Sweden

Headquartered in Stockholm, PPS is one of the largest operators of private schools in Sweden, with more than 3,600 students enrolled. Founded in 2000, PPS operates nine schools, primarily located in Stockholm, Gothenburg and Malmö - Sweden’s three largest cities. The company’s core business is upper secondary schools, but PPS also operates schools for children with special needs, as well as compulsory schools.

“PPS has a strong position in its core markets and ample growth opportunities in both existing and new markets. We are impressed with the people in PPS and what they have achieved and we are looking forward to partnering with the founding management to further develop and improve the company. With Riverside’s extensive experience in education and training, we believe that we will make a strong partner for PPS going forward,” says Riverside Partner Thomas Blomqvist.

Riverside is an experienced investor in the education and training industry and has invested in over 20 companies in the sector worldwide. Though Riverside is a generalist investor, the firm has completed dozens of transactions and built specialized approaches to industries such as education and training, healthcare, franchising and energy/cleantech.

“We are excited about teaming up with Riverside for the next phase of PPS’ life. Riverside has a long and successful track-record of supporting its portfolio companies and we are convinced that having Riverside as our partner will help us realize our ambitious plans to further improve and grow our company,” say PPS’ founders Gösta Rydell and Greger Fjell.

The investment in PPS marks Riverside’s second investment in the Nordic region in 2011. In July, Riverside entered the outdoor clothing market with the acquisition of Reima, a Finnish children’s wear brand known for high-quality outdoor clothing.

Riverside acquired PPS from its founding management, who will remain owners alongside Riverside for the next phase of PPS’s development. The Riverside team responsible for the transaction included Blomqvist, Vice Presidents Michael Weber and Justin Kent, and Senior Associate Nils Schander. The transaction was originated by Lars Eriksson, Regional Director of Origination for the UK, Nordic & Baltic countries.

Riverside was advised by KPMG, Arthur D. Little and Mannheimer Swartling in this transaction. PPS was advised by Arctos Corporate Finance and Gernandt & Danielsson.

The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring growing enterprises valued at up to $200 million (€200 million in Europe). The firm partners with strong management teams and enhances its investments through acquisitions and organic growth. Since its founding in 1988, Riverside has invested in more than 260 transactions with a total enterprise value of more than $5.4 billion/€4.4 billion. The firm’s portfolio in North America, Europe and the Asia Pacific region includes more than 75 companies with roughly 14,000 employees. Riverside completes acquisitions smoothly thanks to $3.4 billion/€2.7 billion in assets under management and nearly 200 professionals in 20 offices.

PPS
PPS is one of the largest operators of private schools in Sweden with c. 3,600 students enrolled. Founded in 2000 by Gösta Rydell and Greger Fjell, PPS owns 9 operations primarily located in Stockholm, Gothenburg and Malmö. PPS’ core business includes upper secondary schools, but PPS is also the biggest private operator in Sweden in the niche of schools for children with special needs and is also operating compulsory schools.

Media Contacts

North America and Asia Pacific
Graham Hearns
Director of Marketing and Communications
The Riverside Company
+1 216 535 2221

Europe

Sarah FlahertyMarketing and Public Relations Manager
The Riverside Company
+322 626 21 21

Media Contact

Keith Davisson
Director, Global Marketing & Communications
The Riverside Company
+1 216 535 1777