Ropes & Gray and Kirkland & Ellis are providing legal counsel for KinderCare Learning Cos. Inc.’s proposed $648 million initial public offering (IPO). Ropes & Gray is representing KinderCare, headquartered in Lake Oswego, Oregon, and backed by private equity firm Partners Group Holding AG. Post-offering, Partners Group will retain a 71% stake in the company. The details are available in the company’s filing with the US Securities and Exchange Commission, which can be accessed here.
The proposed IPO arrives after KinderCare postponed a similar offering in 2021 due to regulatory concerns. KinderCare operates approximately 2,500 daycare locations across 40 states and the District of Columbia, positioning itself as a significant entity in the childcare industry. For more detailed information on the proposed listing, visit Bloomberg Law’s coverage here.