M&A Deal Summary

KinderCare Education Acquires Rainbow Child Care Center

On August 27, 2018, KinderCare Education acquired education company Rainbow Child Care Center from Quad-C Management

Acquisition Highlights
  • This is KinderCare Education’s 1st transaction in the Education sector.
  • This is KinderCare Education’s 1st transaction in the United States.
  • This is KinderCare Education’s 1st transaction in Michigan.

M&A Deal Summary

Date 2018-08-27
Target Rainbow Child Care Center
Sector Education
Buyer(s) KinderCare Education
Sellers(s) Quad-C Management
Deal Type Add-on Acquisition

Target

Rainbow Child Care Center

Troy, Michigan, United States
Rainbow Child Care Center is a provider of early education services. Rainbow operates 30 high-quality child care schools as well as before/after school programs in the Midwest and Southeast and seeks to expand its footprint organically and through M&A.

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Buyer(S) 1

Buyer

KinderCare Education

Portland, Oregon, United States

Category Company
Founded 2015
Sector Education
DESCRIPTION

KinderCare Education LLC is an experience-based provider of early education and child care with more than 32,000 teachers and staff serving 170,000 children and their families every day. KinderCare Education operates more than 1,380 early learning centers, more than 500 Champions sites, and is supported by a corporate team of nearly 500 headquarters employees based in Portland, Oregon. In 2018, KinderCare Education earned their second Gallup Great Workplace Award – one of only 39 companies worldwide to win the award.


DEAL STATS #
Overall 1 of 1
Sector (Education) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Quad-C Management

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 3.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Quad-C Management is a generalist private equity firm that makes control investments in middle-market companies operating in a wide range of industries. Target sector's include building products, business-to-business services, consumer products, distribution/logistics, equipment rental, financial services, healthcare, light manufacturing, packaging, restaurants, security, and specialty chemicals. Quad-C's target investment size is $50 to $150 million in businesses valued between $100 and $500 million and with EBITDA greater than $10 million. Prospective transaction types include recapitalizations/family successions, management buyouts, and industry consolidations. Quad-C Management was founded in 1989 and is headquartered in Charlottesville, Virginia.


DEAL STATS #
Overall 33 of 47
Sector (Education) 2 of 3
Type (Add-on Acquisition) 11 of 13
State (Michigan) 2 of 2
Country (United States) 30 of 42
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 @properties

Chicago, Illinois, United States

@properties is a technology-enabled real estate brokerage services provider in the Chicago and Atlanta metro areas and surrounding territories. @properties was founded in 2000 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-18 Prism Vision Group

New Providence, New Jersey, United States

Prism Vision Group is a large retina and general ophthalmology practice management company. PRISM Vision Group is a physician-led organization with a mission to support ophthalmology practices in providing patients with world-class, comprehensive care. Prism Vision Group was founded in 1979 and is based in New Providence, New Jersey.

Buy -