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Only About Children sold for $450m
Childhood education provider Only About Children has been sold to a global investment firm, in a deal worth $450 million.
Lauren Croft
Firm: Allens (Bain Capital LLC)
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Deal: Allens has advised global investment firm Bain Capital on the $450 million sale of early childhood education and care provider Only About Children (OAC).
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.”
