ANCHORAGE CAPITAL PARTNERS ACQUIRES AFFINITY EDUCATION GROUP
Investment date: December 2015
Affinity is one of the largest child care operators in Australia, with a portfolio of over 160 centres. Affinity’s key focus is providing exceptional child care and education services.
On 15 December 2015, Anchorage and co-investors acquired 100% of the equity of the ASX listed, Affinity Education Group Limited, via Scheme of Arrangement. Affinity had grown via acquisition since listing in December 2013 with 57 centres. Anchorage has developed a comprehensive performance improvement program which, together with increased strategic focus and investment, is expected to leverage the full potential of Affinity’s portfolio of Childcare centres.
Daniel Wong is Chairman and is joined on the Board by Simon Woodhouse and Callen O’Brien. Todd Twining is assisting management with the turnaround plan.