It was all about child care in dealmaking land on Thursday.
In the wee hours of the morning, Quadrant Private Equity signed a $650 million-odd deal to buy Anchorage Capital Partners’ childcare operator Affinity Education – first revealed by this column.
Only hours later, ASX-listed Think Childcare announced it had entered a $200 million implementation agreement with Ontario Teachers’-backed Busy Bees that would take it off the boards.
Private equity firm Anchorage Capital has proved there’s plenty of money to be made in Australia’s childcare sector, as a spate of new private capital players enter the industry.
Small and medium enterprise lender Grow Finance will be worth as much as $144 million on a market capitalisation basis if it pulls off its mooted sharemarket float.
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