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Genius Learning Group sells 14 childcare centres to listed company
National law firm Piper Alderman has advised the owner of the Genius Learning Group on the sale of 14 premium childcare centres to ASX-listed Mayfield Childcare Limited (ASX: MFD).
Jerome Doraisamy
Firm: Piper Alderman (Genius Learning Group)
As part of the transaction, Genius Learning and Mayfield are entering into a five-year incubator agreement whereby Genius Learning will identify, develop and trade-up childcare centres for sale to Mayfield.
Area: Corporate, M&A, Education, Childcare
Value: $39.2 million, to be paid partly in cash and partly in Mayfield shares.
Key players: The Piper Alderman team was led by principal Hugh Scales, who was supported by partner Carlyna Chhen and associate Andrew Cutler.
Deal significance: Speaking about the deal, Mr Scales said it was an “interesting transaction”, involving a range of commercial and regulatory challenges.
“The Genius Learning team led by managing director Darren Misquitta with general counsel Pat All[a]n were great to deal with, and quick to grasp and respond to the issues,” he noted.
Genius Learning Group GC and head of transactions Pat Allan added that the group was “very excited” to have completed this transaction and to be able to establish a strong relationship with Mayfield Childcare.
“Importantly, the incubator relationship between Genius and Mayfield provides the Genius Childcare brand with a secure long-term position in the industry,” he said.
“Hugh and the team at Piper Alderman tackled the various complexities of this transaction with outstanding commitment, and we look forward to working together again.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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