Morgan Stanley acquire 60% stake in Learning Care

by Richard Kilner

Story link: Morgan Stanley acquire 60% stake in Learning Care

Morgan Stanley Private Equity has stated that it has completed its acquisition of a three-fifths share in Learning Care Group (a subsidiary of ABC Learning Centres Limited).

The deal was announced on 22 April initially, and values the firm at $700m.

The completion of the agreement marks the third investment foray Morgan Stanley Private Equity has taken part of in the US, the first two being Tops Markets and McKechnie Aerospace.

Executive director, Michael Ryder, has welcomed the deal’s completion, and said that he looks forward to collaborating closely with the management and employees of Learning Care Group in order to maintain its good position in the child education field.

Learning Care Group’s chief executive officer, William Davis, has expressed his pleasure at Morgan Stanley Private Equity’s commitment to continue supporting the highest quality of service offered by the firm.