Australia's leading independent law firm, Corrs Chambers Westgarth, has advised Anchorage Capital Partners (Anchorage) and its portfolio company Affinity Education (Affinity) on the sale of Affinity to Quadrant Private Equity.
Affinity operates over 150 childcare centres in Australia. Anchorage acquired Affinity in 2015 and has since grown the business into a leading Australian childcare and early education provider.
Corrs' leading private equity team advised Anchorage on all aspects of the transaction, with the team being trusted advisers to Anchorage since its establishment in 2008.
Commenting on the matter, lead private equity partner Ricky Casali said: "It was great to work with long-term client Anchorage Capital Partners on this investment, from the take-private of Affinity in 2015, to the exit to Quadrant. Under Anchorage's ownership, Affinity has been transformed into a market leading childcare operator, supporting Australian families and playing a key part in the early development of their children. We wish Quadrant and the Affinity management team led by Tim Hickey all the best and expect to see Affinity continue its successful trajectory."