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Affinity confirms acquisition of early education and care centres from Oxanda Education
Jason Roberts
Apr 05, 2022
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Affinity Education Group has confirmed the acquisition of 12 early education and care (ECEC) centres from Oxanda Education as it continues to broaden its network of services across the Eastern seaboard of Australia.
The deal marks the second significant announcement made by the Group in the last two months having confirmed the acquisition of 13 centres in February 2022.CEO Tim Hickey said Affinity was "absolutely delighted" to be welcoming more than 4,000 new families and 1,000 new employees from a provider as well respected as Oxanda Education.
“Our dedicated Operations and Integration Support Teams are very busy this week warmly welcoming the new families and teams, we look forward to introducing them to The Affinity Way,” Mr Hickey said.
“We are confident that we will be able to add value to the early education experience for these children through our Lifelong Learning approach and to our new employees through Affinity’s support, professional development and wonderful career opportunities.”
Oxanda Education National Head of Operations Rosina O’Brien said the opportunity to have Affinity acquire their centres opened up future opportunities for growth and development by the group.
“We were thrilled to partner with Affinity on this project, knowing our centres would be joining a company and culture that puts people and children first,” Mrs O’Brien said.
The additions include centres located in Victoria, New South Wales and Queensland and consist of ten Bluebird Early Education centres and two Little Giants Centres with a combined 1275 licenced places.
As per the terms of the acquisition agreement, the centres will rebrand within six months to join Affinty's existing brand groups which include Milestones Early Learning, Papilio Early Learning and Kids Academy.
Affinity Education Group now owns and operates around 182 ECEC centres with locations in six of Australia’s eight States and Territories. It is currently the second equal largest for profit long day care provider behind G8 Education and roughly equal to Busy Bees Early Learning Australia.
The commercial terms of the transaction have not been disclosed.
To learn more about Affinity Education Group please see here.
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