CHILD CARE SERVICES – AUSTRALIA

Childcare sector on track for record investment year

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Original article by Larry Schlesinger
The Australian Financial Review – Page: 34 : 21-Jun-16

Colliers International has reported strong demand for investments in the childcare sector. The commercial real estate company states in its report, titled "Child Care: Australia’s Burgeoning Real Estate Investment Class", that 18 childcare centre were sold in the first half of 2016, at yields ranging between 3.9 per cent and 7.3 per cent. There were 33 childcare centre sales in 2015 and only two in 2008.

CORPORATES
COLLIERS INTERNATIONAL HOLDINGS (AUSTRALIA) LIMITED, ARENA REIT – ASX ARF, FOLKESTONE EDUCATION TRUST – ASX FET, G8 EDUCATION LIMITED – ASX GEM, GOODSTART EARLY LEARNING LIMITED, MORGAN STANLEY REAL ESTATE INVESTMENT TRUST INDEX, AUSTRALIAN CHILDCARE PROJECTS LIMITED

G8 Education backs rival deal for Affinity

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Original article by Tim Binsted
The Australian Financial Review – Page: 22 : 16-Sep-15

Directors of Affinity Education Group have endorsed Anchorage Capital Partners’ takeover bid, which is pitched at $A0.92 per share. Rival childcare group G8 Education will no longer pursue its bid for Affinity and will instead accept the $A212m offer from Anchorage. G8 Education had offered $A0.80 per share for Affinity, and it has built a stake of 24.6 per cent when acceptances for its offer are taken into account.

CORPORATES
AFFINITY EDUCATION GROUP LIMITED – ASX AFJ, G8 EDUCATION LIMITED – ASX GEM, ANCHORAGE CAPITAL PARTNERS PTY LTD, PETRA CAPITAL PTY LTD, ORD MINNETT GROUP LIMITED, AUSTRALIA. TAKEOVERS PANEL

G8 learns some lessons from ABC’s mistakes

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Original article by Jessica Gardner
The Australian Financial Review – Page: 17 : 12-Aug-14

Listed childcare group G8 Education has posted a 2014 interim net profit of $A16.3m, which is 48 per cent higher than previously, while revenue rose by 59 per cent to $A187.2m. G8 purchased 115 childcare centres during the half-year, while another 78 are in the process of being settled. The group operates 16 separate childcare brands in Australia, and chair Jenny Hutson has ruled out adopting a single brand

CORPORATES
G8 EDUCATION LIMITED – ASX GEM, ABC LEARNING CENTRES LIMITED, COMMUNITY KIDS, STANDARD AND POOR’S ASX 200 INDEX, NORTHERN STAR RESOURCES LIMITED – ASX NST, CANACCORD CAPITAL