Temasek to invest in Ontario Teachers'-owned Busy Bees

U.K. childcare provider Busy Bees Holdings Ltd has agreed to receive an undisclosed strategic investment from Singapore sovereign wealth fund Temasek Holdings. The deal, expected to close before the end of 2017, will give Temasek a minority stake in Busy Bees, which has been majority owned by Ontario Teachers' Pension Plan since 2013. It will also allow the company to continue expanding, particularly in Asia, Ontario Teachers' Senior Managing Director, International, Jo Taylor said. Earlier this year, Busy Bees acquired Calgary's BrightPath Early Learning Inc for about $145 million.

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