ANCHORAGE CAPITAL PARTNERS ACQUIRES AFFINITY EDUCATION GROUP

Anchorage Capital Partners announced today that it has completed the acquisition of Affinity Education Group (Affinity).

Affinity is one of the largest child care operators in Australia, with a portfolio of more than 160 centres. Affinity’s key focus is providing exceptional child care and education services.  

Anchorage Managing Director and Chairman of Affinity, Daniel Wong, said “Anchorage is pleased to have completed the acquisition of the Affinity Education Group and we are excited by the significant potential for the business.  Our focus will remain first and foremost to provide exceptional child care and education services.  We look forward to working with the Affinity team to enhance operations and achieve the vision of becoming the leading child care provider in Australia.”

Affinity’s operations are led by Chief Executive Officer, Tim Hickey.  Tim was previously Chief Executive of Australian Retail and Distribution for Fletcher Building, Diva (a fast fashion jewellery business), Midas Australia and held senior executive roles with Pepsico Restaurants and Yum Brands.  

Anchorage will be represented on the Board of Affinity by Daniel Wong as Chairman, and Callen O’Brien and Simon Woodhouse as Non-Executive Directors.

About Affinity 

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.  We recognise and value our moral obligation to act with professional integrity as advocates on behalf of children. We strive to provide a safe, respectful and compassionate environment that recognises children as people with valuable views and interests to ensure children feel noticed, heard and understood while receiving the best possible educational program to support their emotional and social development.

About Anchorage Capital Partners

Anchorage Capital Partners is a specialist Australian private equity firm that focuses on investing in companies which have strong and established track records, but are not achieving their full potential.  The funds managed by Anchorage have $450 million in committed funds.  Anchorage's partners and investment professionals have considerable experience in company management, corporate strategy, management consulting and corporate finance and have a long track record of successful partnerships with management teams.