Learning Care Group

Last updated
Learning Care Group, Inc.
Industry Child care
Founded1960s
Headquarters,
United States
Area served
North America
Parent American Securities
Website www.learningcaregroup.com

Learning Care Group, Inc. is a child care and early childhood education company based in Novi, Michigan, United States. Founded in the 1960s, it is the second-largest for-profit child care provider in North America, [1] operating over 1,070+ schools under the La Petite Academy, Childtime, Tutor Time, The Children's Courtyard, Montessori Unlimited, Everbrook Academy, AppleTree & Gilden Woods, Creative Kids Learning Center, U-GRO, Young School, and Pathways Learning Academy brands. Learning Care Group is owned by American Securities. [1]

Contents

History

Learning Care Group was founded in the 1960s. [1] In 2005, it was purchased by Australia-based ABC Learning. [2] By the time it was acquired by Morgan Stanley Private Equity in March 2008, it operated 800 schools under five brands. [3] In 2014, it was acquired by private equity firm American Securities. [4]

Related Research Articles

<span class="mw-page-title-main">Morgan Stanley</span> American financial services company

Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 41 countries and more than 75,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 61 in the 2021 Fortune 500 list of the largest United States corporations by total revenue.

<span class="mw-page-title-main">Providence Equity</span> American global private equity investment firm

Providence Equity Partners L.L.C. is a specialist private equity investment firm focused on media, communications, education, and technology investments across North America and Europe. The firm specializes in growth-oriented private equity investments and has invested in more than 170 companies globally since its inception in 1989.

Dean Witter Reynolds was an American stock brokerage and securities firm catering to a variety of clients. Prior to the company's acquisition, it was among the largest firms in the securities industry with over 9,000 account executives and was among the largest members of the New York Stock Exchange. The company served over 3.2 million clients primarily in the U.S. Dean Witter provided debt and equity underwriting and brokerage as mutual funds and other saving and investment products for individual investors. The company's asset management arm, Dean Witter InterCapital, with total assets of $90.0 billion prior to the acquisition, was one of the largest asset management operations in the U.S.

Bain Capital is an American private investment firm based in Boston. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, crypto, tech opportunities, partnership opportunities, special situations, and real estate. Bain Capital invests across a range of industry sectors and geographic regions. As of 2022, the firm managed approximately $165 billion of investor capital. The firm was founded in 1984 by partners from the consulting firm Bain & Company. The company is headquartered at 200 Clarendon Street in Boston with 22 offices in North America, Europe, Asia, and Australia.

<span class="mw-page-title-main">Apax Partners</span> British private equity firm

Apax Partners LLP is a British private equity firm, headquartered in London, England. The company also operates out of six other offices in New York, Hong Kong, Mumbai, Tel Aviv, Munich and Shanghai. As of December 2017, the firm, including its various predecessors, have raised approximately $65 billion (USD) since 1981. Apax Partners is one of the oldest and largest private equity firms operating on an international basis, ranked the fifteenth largest private equity firm globally.

<span class="mw-page-title-main">TD Cowen</span> American investment bank

TD Cowen, is an American multinational investment bank and financial services division of TD Securities that operates through two business segments: a broker-dealer and an investment management division. The company's broker-dealer division offers investment banking services, equity and credit research, sales and trading, global prime brokerage, outsourced trading, global clearing and commission management services. Cowen's investment management segment offers actively managed alternative investment products. Founded in 1918, the firm is headquartered in New York and has offices worldwide. Cowen claims it is known for successfully identifying emerging industries early on, especially the emerging cannabis industry.

Jefferies Group LLC is an American multinational independent investment bank and financial services company that is headquartered in New York City. The firm provides clients with capital markets and financial advisory services, institutional brokerage, securities research, and asset management. This includes mergers and acquisitions, restructuring, and other financial advisory services. The Capital Markets segment also includes its securities trading and investment banking activities.

Kaye Scholer was a law firm founded in 1917 by Benjamin Kaye and Jacob Scholer. The firm had more than 450 attorneys in nine offices located in the cities of Chicago, Frankfurt, London, Los Angeles, New York City (headquarters), Shanghai, Palo Alto, Washington, D.C., and West Palm Beach.

<span class="mw-page-title-main">ABC Learning</span> Australian provider of early childhood education services

ABC Learning was an Australian company that was once the world's largest provider of early childhood education services. It was listed on the Australian Securities Exchange with its market capitalisation reaching A$2.5 billion in March 2006. The company went into administrative receivership after a fallout from the subprime mortgage crisis caused debt repayments to overwhelm the company, and the auditors failed to sign off on the financial reports citing the need to recast previous year's reported profits.

Golden Gate Capital is an American private equity firm based in San Francisco. The firm makes investments in a number of select industries, including technology, financial services, retail and industrial, through leveraged buyout transactions, as well as significant minority purchases and growth capital investments. As of April 2018, it had over $15 billion in assets under management.

<span class="mw-page-title-main">Stifel</span> American investment bank

Stifel Financial Corp. is an American multinational independent investment bank and financial services company created under the Stifel name in July 1983 and listed on the New York Stock Exchange on November 24, 1986. Its predecessor company was founded in 1890 as the Altheimer and Rawlings Investment Company and is headquartered in downtown St. Louis, Missouri.

<span class="mw-page-title-main">Hellman & Friedman</span> American private equity firm

Hellman & Friedman LLC (H&F) is an American private equity firm, founded in 1984 by Warren Hellman and Tully Friedman, that makes investments primarily through leveraged buyouts as well as growth capital investments. H&F has focused its efforts on several core target industries including media, financial services, professional services and information services. The firm tends to avoid asset intensive or other industrial businesses. H&F is based in San Francisco, with offices in New York and London.

<span class="mw-page-title-main">Thoma Bravo</span> American private equity firm

Thoma Bravo, LP, is an American private equity and growth capital firm based in Chicago. It is known for being particularly active in acquiring enterprise software companies and has over $130 billion in assets under management as of 2023. The size and software-focus of Thoma Bravo has led it to be referred to as one of the "Big 3" technology private equity firms along with Silver Lake and Vista Equity Partners.

MidOcean Partners is a New York–based alternative asset management firm that specializes in mid-sized private equity and alternative leveraged investments.

<span class="mw-page-title-main">Rhône Group</span> Private equity firm

Rhône Group is a global private equity firm with approximately $11 billion of assets under management, specializing in mergers and acquisitions, leveraged buyouts, recapitalizations, and partnerships with particular focus on European and trans-Atlantic investments. Rhône also offers financial advisory services, strategic alliances, joint partnerships, and business valuation services. Rhone Group was listed in 2013 to 2014 by Preqin as the 'Most Consistent Performing Private Equity Fund Manager' based on both its multiple and IRR of all 3 funds in the top quartile ranking.

<span class="mw-page-title-main">Optiv</span>

Optiv Security, Inc. ("Optiv") is a privately owned information security company based in Denver, Colorado. Optiv is a solutions integrator that delivers end-to-end cybersecurity services globally.

SDI Presence LLC is an IT consultancy and managed services provider (MSP) that provides technology-based professional services. As of 2022, the firm has over 300 employees. SDI is a certified Minority Business Enterprise (MBE) with the City of Chicago, State of Illinois, National Minority Supplier Development Council (NMSDC) and the California Public Utilities Commission (CPUC). SDI is ranked as a Top Workplace by Built In Chicago, the Chicago Tribune, and Crain's Chicago Business.

<span class="mw-page-title-main">PJT Partners</span> Global advisory-focused investment bank

PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses. The firm was founded by Paul J Taubman after his 30-year tenure at Morgan Stanley, where he served as Global Head of Mergers and Acquisitions, Global Head of Investment Banking and until the end of 2012, Co-President of the Institutional Securities Group, which included Investment Banking as well as Sales and Trading.

<span class="mw-page-title-main">Jahm Najafi</span> Iranian-American businessman (born 1963)

Jamshid Jahm Najafi is an Iranian-American billionaire businessman. He manages The Najafi Companies, a private equity firm, is vice chairman of the NBA's Phoenix Suns and McLaren Racing.

Spring Education Group (SEG), is a for-profit private school company based in Saratoga, California. It is majority-owned by Primavera Capital Group, a Chinese-based investment group. SEG's CEO is Michael Collins.

References

  1. 1 2 3 Zhu, Julie; Wu, Kane (October 25, 2017). "Chinese firms eye U.S.-based Learning Care valued at up to $1.6 billion: sources". Reuters . Retrieved June 29, 2019.
  2. Hills, Ben (March 11, 2006). "Cradle snatcher". The Sydney Morning Herald . Fairfax Media. Retrieved June 29, 2019.
  3. "Morgan Stanley Private Equity Announces Agreement to Acquire Majority Stake in Learning Care Group, Inc. as Part of Joint Venture with A.B.C. Learning Centres" (Press release). Morgan Stanley. April 22, 2008. Archived from the original on September 14, 2014. Retrieved June 29, 2019.
  4. Pinho, Kirk; Walsh, Dustin (June 3, 2019). "Property restoration giant Belfor sold to private equity firm". Crain's Detroit Business . Crain Communications . Retrieved June 29, 2019.