NOVI, Mich. -- A.B.C. Learning Centres, the parent company of Learning Care Group, has entered into a memorandum of understanding to pursue a transaction with Morgan Stanley Private Equity whereby Morgan Stanley Private Equity will purchase a 60 percent stake in Learning Care Group and A.B.C. Learning Centres will retain...
NEW YORK -- Morgan Stanley Private Equity today announced that it has entered into a definitive agreement to acquire a 60 percent stake in Learning Care Group, the U.S. subsidiary of A.B.C. Learning Centres ("ABC"), in a transaction that values 100 percent of Learning Care Group at $700 million.