Bain Capital boosts education portfolio with acquisition of Camp Australia

Bain Capital Private Equity has reached a deal to acquire Camp Australia, a provider of before-and after-hours care in schools throughout Australia, the Boston-headquartered private equity firm said in a statement on Tuesday.

Financial details of the acquisition were not disclosed, but Bain Capital said the deal will be completed in early 2017.

Citigroup acted as advisor for the transaction.

Prior to this acquisition, the PE investor with over $75 billion AUM has already reinforced its education portfolio in the Asia-Pacific region by taking a majority stake in early childhood and development group Only About Children.

The firm has also set up a Sydney office, in addition to an office in Melbourne maintained by Bain Capital Credit since 2013, as it recognised “the importance of the market to its global portfolio.”

“We believe our long term international experience in the education sector, coupled with our investment in Only About Children, adds a great deal of potential to our new partnership with Camp Australia,” said Bain Capital principal Mike Murphy.

Praising Australia as a “very attractive market” for education, Ed Han, managing director at the global PE firm, said the country boasted an excellent opportunity to grow operations further.

Bain Capital will invest in management, staff and services, to help its portfolio companies better serve Australian families who want access to quality childcare.

Its expertise in education also includes early education and development through its 30 years of involvement with Bright Horizons, a top-tier early childhood provider in the US; and after school operations in Rise Education, a provider of English language courses for children in China.

“Bain Capital is an ideal partner to help us move to the next stage of development given its international expertise, fresh thinking and commitment to support our business,” commented Camp Australia’s CEO Adam Pease.

Founded in 1987 with after school sports coaching service, Camp Australia is partnering with over 700 schools in Australia to bring its practices throughout all mainland states of the country.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

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  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.