Onex to acquire childcare provider KidsFoundation from HIG
Canadian private equity firm Onex Corp has agreed to acquire KidsFoundation Holdings BV, a Dutch childcare services provider, in partnership with existing management. No financial terms were released for the deal, which is expected to close later this year. The seller is U.S. private equity firm HIG Capital. HIG established KidsFoundation in 2014 through the acquisition of assets from the estate of Estro Group. KidsFoundation offers nursery care as well as before- and after-school care services. It currently provides childcare for more than 30,000 children across 281 centres. In 2018, Onex closed its fifth flagship private equity fund, Onex Partners V, securing US$7.15 billion in committed capital.
19 July 2018•3 mins read
