GI Partners Acquires Advanced Childcare

GI Partners has acquired Advanced Childcare from Bowmark Capital for £28 million ($45.4 million). ACL provides outsourced children's care and education services in the U.K. Equity financing for the deal was provided through GI Partners Fund III, while debt financing was provided by Yorkshire Bank. GI focuses on investments in asset-backed businesses and properties and has offices in Menlo Park, London and Munich.