Add-on Acquisition • Consumer Services

Bright Horizons Acquires Oac

On May 3, 2022, Bright Horizons acquired consumer services company Oac from Bain Capital Private Equity for 450M AUD

Acquisition Context
  • This is Bright Horizons’ 2nd transaction in the Consumer Services sector.
  • This is Bright Horizons’ 0th largest (disclosed) transaction.
  • This is Bright Horizons’ 1st transaction in Australia.

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M&A Deal Summary

Date May 3, 2022
Target Oac
Sector Consumer Services
Buyer(s) Bright Horizons
Sellers(s) Bain Capital Private Equity
Deal Type Add-on Acquisition
Deal Value 450M AUD

Target Company

Oac

St Leonards, Australia
Only About Children owns and operates a network of upmarket long day care centers across the states of New South Wales and Victoria in Australia.
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Buyer Overview 1

Buyer

Bright Horizons

Newton, Massachusetts, United States

Category Company
Founded 1986
Sector Education
Employees32,050
Revenue 2.7B USD (2024)
DESCRIPTION

Bright Horizons is a provider of early education and preschools, employer-sponsored child care, back-up care, educational advisory services, and other work/life solutions. Bright Horizons was incorporated in 1986 and is based in Newton, Massachusetts.


Deal Context for Buyer #
Overall 7 of 7
Sector: Consumer Services 2 of 2
Type: Add-on Acquisition 6 of 6
Country: Australia 1 of 1
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-06 Sittercity

Chicago, Illinois, United States

Sittercity, Inc. is an online marketplace for families and caregivers (including babysitters and in-person or virtual tutors). Sittercity is based in Chicago, Illinois.

Buy -

Seller Profile 1

SELLER

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


Deal Context for Seller #
Overall 137 of 152
Sector: Consumer Services 1 of 2
Type: Add-on Acquisition 39 of 41
Country: Australia 2 of 4
Year: 2022 2 of 5
Size (of disclosed) 38 of 45
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-02 Imperial Dade

Jersey City, New Jersey, United States

Imperial Dade is an independent distributor of consumable paper and plastic packaging and supplies sold primarily to the restaurant and retail industries in the New York Tri-State area. Imperial Dade sells foodservice products, healthcare supplies, bags and liners, chemicals, janitorial goods, and safety supplies. Imperial Dade was founded in 1932 and is based in Jersey City, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-25 VXI Global Solutions

Los Angeles, California, United States

VXI Global Solutions is a provider of business process and information technology outsourcing offering comprehensive services to its clients. Our company specializes in call center and BPO services, software development, quality assurance testing, and infrastructure outsourcing. VXI Global Solutions was formed in 1997 and is based in Los Angeles, California.

Buy -