SYDNEY, June 1, 2017 - Bain Capital Private Equity today confirmed that portfolio company Camp Australia plans to join with Junior Adventures Group (JAG) to create a national, best-in-class out-of-school hours care operator.
The combination is subject to clearance by the Australian Competition and Consumer Commission (ACCC), which is engaging in a consultative process.
Bain Capital Private Equity has extensive investment experience in early education and development through its nearly 30 years of work with Bright Horizons – a large top-tier, early childhood provider in the United States that the firm has worked with since its inception – and, more recently, with Rise Education, a leading provider of after school English language programs for children in China.
As well as adding Camp Australia to its portfolio, Bain Capital last year acquired a majority stake in early childhood and development group Only About Children (Oac) in Australia.
“Both JAG and Camp Australia have a reputation for delivering high-quality care and services to children across Australia, and both have deep ties in the community,” said Ed Han, a Managing Director of Bain Capital Private Equity. “If the combination receives approval, we look forward to partnering closely with the management teams of both companies to create an even stronger combined company that provides a vital service to so many Australian families.”
Financial details of the proposed arrangement are confidential.
About Bain Capital Private Equity
Bain Capital Private Equity has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since our founding in 1984. Our team of more than 220 investment professionals creates value for our portfolio companies through our global platform and depth of expertise in key vertical industries including consumer/retail, financial and business services, healthcare, industrials, and technology, media and telecommunications. In addition to private equity, Bain Capital invests across asset classes including credit, public equity and venture capital, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus. For more information visit www.baincapitalprivateequity.com.