Partners Group to Buy Knowledge Universe Unit at $1.5B EV
July 10, 2015
Partners Group has agreed to acquire Knowledge Universe's U.S. early-childhood education business, KUE, at a reported enterprise value of $1.5 billion. KUE, a for-profit provider of early childhood education in the U.S., is the parent company of KinderCare Learning Centers, as well as the brands Children's Creative Learning Centers and Champions. KinderCare Learning Centers delivers educational programs through approximately 1,400 centers in 38 U.S. states. The deal, which is expected to close later this year, has fully committed financing from Credit Suisse, Barclays and Bank of Montreal.