As reported in the Australian Financial Review, health, lifestyle and education growth investor HEAL Partners has invested $25 million into Edge Early Learning. As part of the transaction, CPG has sold a proportion of its shareholding in Edge Early Learning to HEAL.
Edge Early Learning operates child care centres across South-East Queensland and the latest capital raising will help it move into new markets. According to the Australian Financial Review, Edge plans to double its number of centres to 50, and it is planning to grow to more than 100 centres within three years.
Corporate and M&A partner Gavin Hammerschlag led the transaction and was supported by lawyer Megan Hosiosky.
Gavin Hammerschlag commented: “We are delighted to have acted for Centennial Property Group on this significant transaction, having acted for CPG throughout the Edge Early Learning business journey beginning with CPG’s initial investment in 2017. Edge Early Learning is a leader in the early childcare market and we’re excited to continue to act for CPG as Edge Early Learning commences its next phase of growth.”