At the same time, the private school has earmarked investments of around EUR15 million after the takeover of the majority stake by private equity fund Morphosis Capital II and Belgian fund Vybros Capital Partners from Romanian entrepreneurs Anca and Dan Macovei Vlasceanu.
The fund will be earmarked for the expansion of Mark Twain IS in Bucharest and other major cities of Romania, both organically and via possible acquisitions of existing private education centers.
(English version by Catalina Apostoiu)