- Sector: Consumer Defensive
- Industry: Education & Training Services
- Full Time Employees: 43,560
- Founded in 1969
- Headquartered in Portland, OR
- https://www.kc-learning.com/
Opened at $27 after pricing 24.0 mln share IPO at $24/share, at the lower end of the $23-27 expected range.
The
company, operating under the KinderCare, Creme School, and Champions
brands, has a market-leading footprint of more than 1,500 early
childhood education centers in the U.S.
In 2015, KLC was acquired by Swiss private equity firm Partners Group, which is retaining a71.1% stake in KLC following the IPO.
For
the six months ended June 29, 2024, revenue increased by 6.2% to $1.345
bln. KLC has-been benefiting from the return-to-office trend, and it
has also been raising prices. For this same period, operating income
fell by 32% yr/yr to $114.2 mln as SG&A costs increased by11% to
$169.0 mln.