Deals
Partners Group-Backed KinderCare Seeks Up to $648 Million in IPO
- Funds affiliated with the buyout firm will own 71% of shares
- Company to use proceeds to repay loans, cover expenses
A KinderCare Learning Center in Miami, Florida.
Photographer: Eva Marie Uzcategui/BloombergKinderCare Learning Cos. Inc. is seeking to raise $648 million in an initial public offering, which could give it a market value of as much as $3.1 billion.
The Partners Group Holding AG-backed childhood education company plans to market 24 million shares for $23 to $27 each, according to its filing Monday with the US Securities and Exchange Commission.