Evolve Education Group buys Au Pair Link
Evolve Education Group has bought in-home childcare company Au Pair Link on the eve of listing on the NZX.
Evolve Education lists on the New Zealand and Australian stock exchanges at 11am tomorrow.
Evolve has raised $132 million through an initial public offering at $1 A share which it will be used to buy early childhood education providers Lollipops and Porse, also tomorrow. A further 55 early childhood centres would also be acquired.
After completing the initial acquisitions Evolve Education will own and operator of 85 early childhood education centres in New Zealand.
Au Pair Link was founded in 2007 by Cecilia Robinson who, with her husband James Robinson, grew the company to hold 15 home-based early childhood education licences throughout New Zealand.
The company was ranked 12th in 2012 Deloitte Fast 50 and sixth in the 2013 Kenexa Best Workplaces small workplace category.
The Robinsons are also directors of home meal delivery start-up My Food Bag fronted by Nadia Lim.
Porse is a New Zealand in-home childcare programme founded by Jenny Yule in 1999. Lollipops has 30 early childhood centres.
Evolve Education chief executive Alan Wham said the Robinsons had built a great company.
"Au Pair Link provides an important service to families and their children and sits very well with the other ECE providers that now make up Evolve Education," Wham said.