Philadelphia, PA – Capstone Partners LLC, a leading national investment banking firm, announced that it has successfully advised a premier provider of early education and child care services, on its acquisition by Bright Horizons Family Solutions®. The terms of this transaction were not disclosed.
The acquisition added approximately 20 early education/child care centers to the Bright Horizons family. “We’ve had a great deal of respect for this provider for such a long time,” says David Lissy, CEO of Bright Horizons. “We are very pleased to welcome these 20 centers into our network in New Jersey where we now operate 60 centers and serve the working families of many of the leading employers across the state.”
“This transaction featured a number of unique and highly complex deal issues” added Pam Carr, Vice President – Business Development of Bright Horizons. “The professionalism and creativity exhibited by the Capstone team were key to facilitating a successful close.”
Bright Horizons Family Solutions® is the world’s leading provider of employer-sponsored child care, early education and work/life solutions. Bright Horizons® serves more than 800 clients across the U.S., Europe, and Canada, with programs including child care and early education, back-up care, elder care, college counseling, and work/life consulting. The company operates more than 700 child care and early education centers.