PSP Investments invests in Learning Care Group

Public Sector Pension Investment Board (PSP Investments) has made a "significant" equity investment in Learning Care Group (US) Inc, a Novi, Michigan-based provider of care and education of children between the ages of six weeks and 12 years. No financial terms were disclosed for the deal, which will see the Canadian pension fund investing alongside majority shareholder American Securities, a U.S. private equity firm. American Securities first invested in the company in 2014. PSP Investments Head of Private Equity Simon Marc said Learning Care Group is "uniquely positioned to further capture growth in the early childhood education market."

DealsCanadaNorth AmericaBriefs