Chinese firms eye US-based Learning Care valued at up to $1.6b

Chinese firms eye US-based Learning Care valued at up to $1.6b

Chinese suitors have indicated their interest in buying U.S. child care provider Learning Care Group (LCG) that has been put on the block by its private equity owner and could fetch up to $1.6 billion, said people with knowledge of the matter.

The second largest for-profit early education and care provider in North America has drawn interest from venture capital firm IDG Capital and Bright Scholar Education Holdings , which is backed by property tycoon Yeung Kwok-keung, said one of the people.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter