Navis makes Modern Star education play
Just over a year ago, Navis Capital Partners bought Australian childcare services provider Guardian Early Learning from fellow PE investor Wolseley Private Equity for A$120 million ($110 million). The idea then was to anticipate the rise in the demand for childcare services amid wider government efforts to get mothers back into work and bolster the country’s dwindling tax base.
With its latest investment in Modern Star - another Australian firm - Navis is tapping the same opportunity, although this time it has entered at a different point in the value chain. Instead of providing...
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