KinderCare Learning Companies, the largest private provider of early childhood education and care services in the US, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
KinderCare is the largest private provider of early childhood education and care services in the US by center capacity. The company serves children ranging from 6 weeks to 12 years of age across its market leading footprint of 1,480 early childhood education centers with capacity of more than 194,000 children and contracts for more than 650 before- and after-school sites located in 40 states and the District of Columbia as of July 3, 2021. KinderCare operates all of its centers under the KinderCare brand and utilizes a consistent curriculum and operational approach.
The Portland, OR-based company was founded in 1969 and booked $1.6 billion in revenue for the 12 months ended June 30, 2021. It plans to list on the NYSE under the symbol KLC. KinderCare Learning Companies filed confidentially on August 16, 2021. Barclays, Morgan Stanley, Jefferies, BofA Securities, Goldman Sachs, Baird, Citi, Credit Suisse, and Macquarie Capital are the joint bookrunners on the deal. No pricing terms were disclosed.
