Childhood education provider Only About Children has been sold to a global investment firm, in a deal worth $450 million.
Firm: Allens (Bain Capital LLC)
Value: $450 million
Area: M&A
Key players: The Allens team was led by corporate partner Noah Obradovic, with assistance from partner Tom Story, senior associate Joy Yoon, associate Georgie Leahy and lawyer Patrick Daaboul.
Deal significance: Based outside Sydney, OAC operates approximately 75 campuses located in the Australian states of NSW, Victoria, and Queensland, with roughly two-thirds located within the greater Sydney area.
Mr Obradovic said the deal was expected to complete in the coming months.
“We congratulate our long-standing client Bain Capital on the sale of OAC,” he said.
“OAC has a well-established reputation for excellent child care services and is a market leader in early childhood development. The transaction demonstrates that strategic buyers have shifted their priorities from COVID and cash-management and are now positioning their businesses for expansion and future earnings growth through M&A.”
Lauren is the commercial content writer within Momentum Media’s professional services suite, including Lawyers Weekly, Accountants Daily and HR Leader, focusing primarily on commercial and client content, features and ebooks. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications. Born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling.
