Temasek to invest in Australian childcare operator
ABC Learning Centres will place A$401.5 million in new shares with a Temasek subsidiary, while also issuing A$600 million in convertible notes.
A rising star in AustraliaÆs corporate landscape, ABC Learning Centres has announced a A$1 billion $820 million financing package that includes a placement of new shares to Everitt Investments and a subordinated resettable convertible note programme. It is also renegotiating A$1.44 billion worth of existing bank facilities.
ABC Learning Centres and its charismatic chief executive Eddy Groves are credited with bringing corporate controls and discipline to the multi-billion dollar childcare industry. Since it listed on the Australian stock exchange in...
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