The Public Sector Pension Investment Board is taking an equity stake in Learning Care Group Inc.
The Michigan-based company focuses on childcare and education for children ages six through 12, with 900 schools in the U.S. and internationally.
“Our investment in Learning Care Group is a great example of our strategy to back market-leading businesses with strong long-term fundamentals and world-class management teams,” said Simon Marc, managing director and head of private equity at PSP Investments, in a press release. “With its high-quality services, Learning Care Group is uniquely positioned to further capture growth in the early childhood education market.”
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Private equity firm American Securities, which first partnered with Learning Care Group in 2014, remains a controlling shareholder.
“We are excited to partner with PSP Investments and believe their international expertise will be invaluable as we further build our business outside of,” said Barbara Beck, chief executive officer of Learning Care Group. “At the same time, this new investment and American Securities’ continued support will enhance our ability to accelerate Learning Care Group’s multiple levers for growth in.”
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