Likely to be the biggest news in Australian daycare sales for the year to date was today’s news Wolseley capital (own Guardian Child Care) acquired Corporate child care’s biggest player Jigsaw.
Australian bankers with young
children will be lining up to keep Wolseley Private Equity on side after its
Guardian Childcare Alliance business scooped up Jigsaw Corporate Childcarefor
an undisclosed sum.
Jigsaw owns and operates ten early learning centers for employees of blue chip corporate clients.
But just how “blue chip” are we talking? Deal Journal Australia has some favorites:
Little Steps on Bligh Street opens its doors to Goldman Sachs children as well as families of the policymakers at the Reserve Bank of Australia.
The Playroom on Philip Street in Sydney’s Central Business District, or CBD, welcomes families of Deutsche Bank and, Max and Milly’s in North Sydney caters for families of National Australia Bank NAB.AU and MLC, while Cheeky Monkeys and Cherry Blossoms, also in Sydney CBD are open to Commonwealth Bank of Australia CBA.AU families.
Close to Citigroup C on Market Street in Sydney is Trumpets, while Snapdragons on Margaret Street is exclusively available to Macquarie Group MQG.AU families.
“There is significant demand from Australian companies for high quality early childhood education for their employee’s children and many businesses now see onsite childcare as a key tool in attracting and retaining staff,” Wolseley director Richard Burrows said.
Since Wolseley purchased Guardian 18 months ago, the group has doubled in size and now includes a portfolio 27 suburban early learning centers, a childcare center management service which covers 37 facilities, excluding Jigsaw.
Altogether, its revenue for fiscal 2013 will exceed A$100 million, derived from 11,000 families.
Wolseley expects corporate childcare to be a focus of significant growth for Guardian, which will look to expand Jigsaw’s footprint in Sydney as well as Melbourne, Brisbane and Canberra when appropriate sites become available.