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Camp Australia sold to private equity company

Camp Australia sold to private equity company

Children

The founders of Australia’s largest provider of before and after-school care programs has been sold to a Boston-headquartered private equity company.

Firms: Maddocks (Camp Australia); Goldman Sachs (Camp Australia); KPMG (Camp Australia); Allens (Bain Capital); Gilbert + Tobin (lenders to Bain Capital)

Deal: The founders of Camp Australia have sold the business to Bain Capital.

Value: Undisclosed

Key players: The Maddocks team was led by partners Damien Wurzel, Ron Smooker and Catherine Debreceny, with assistance from senior associate Amanda Jones and associates Jacqueline Picone and Steven Tang.

Deal significance: Camp Australia was established in 1987, providing before and after-school care programs to students at more than 700 schools across the nation.

According to a statement from Maddocks, the purchase of Camp Australia by Bain Capital closed on 28 February after a competitive bid process.

Correction: An earlier version of this article said that Gilbert + Tobin had advised Bain Capital. The article has now been amended to reflect that Gilbert + Tobin advised the lenders to Bain Capital. 

 

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