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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 a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
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