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Bright Horizons Family Solutions

exited

Education / Childcare — Bain Capital

Deal Terms

Entry Year2008
Entry EV$1.3B
Entry Multiple10x
Leverage5.5x
Debt Amount$0.71B

Outcome

Exit Year2013

Risk Metrics

LTV (est.)55%
Debt / EV0.55x

Notes

Bain took private for $1.3B (2008). $590M equity, rest borrowed. Re-IPO'd Jan 2013 — stock surged. Bain's second bite: first invested in Bright Horizons in the 1980s. Employer-sponsored childcare model proved resilient. One of Bain's successful PE investments, but workers saw minimal wage gains while PE profited.

Sponsor

Bain Capital$185B AUM