Ontario Teachers' Busy Bees to buy BrightPath in $145 mln deal
BrightPath Early Learning Inc (TSX-V: BPE), a Canadian childcare provider, has agreed to be acquired by Busy Bees Holdings Ltd, a British childcare provider and portfolio company of Ontario Teachers' Pension Plan. The deal will see a Busy Bees' affiliate buy all of the issued and outstanding common shares of BrightPath for about $145 million. Established in 2010 as Edleun, Calgary-based BrightPath currently operates 77 locations across Canada. Busy Bees, the U.K.'s largest nursery chain, was founded in 1983. Ontario Teachers' acquired the company in 2013 and pledged to support its global growth through the development of new locations and acquisitions.
23 May 2017•5 mins read
