Navis buys Australian childcare business from Wolseley
Navis Capital Partners has acquired Australian childcare services provider Guardian Early Learning Group from Wolseley Private Equity with a view to helping the 69-center chain double in size. The transaction value was not disclosed but sources indicate it was in the region of A$120 million ($110 million).
Wolseley has secured a 2.3x money multiple and a 40% IRR on an investment made two-and-a-half years ago. "We have been looking at education in all its forms for quite some time. It is driven by demographics...
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