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Article: United States: Morgan Stanley acquires majority stake in Learning Care Group.
- Article from:
- TendersInfo
- Article date:
- June 30, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: pinto03
Morgan Stanley Private Equity today announced that it has completed its previously signed agreement to acquire a 60 per cent stake in Learning Care Group, the US subsidiary of ABCLearning Centres Limited. The transaction, announced on 22 April values 100 per cent of Learning Care Group at $700 million.
Learning Care Group, a leader in the early education and childcare industry, represents the third US investment for Morgan Stanley Private Equity, with other deals including the acquisition of Tops Markets and an investment in McKechnie Aerospace.
Michael Ryder, Executive Director of Morgan Stanley Private Equity, said, ''We are ...