Gilbert + Tobin is pleased to announce its role in advising a major Australian bank as underwriter on debt facilities provided to Montessori Academy Group to refinance existing facilities and fund a buy back of 16 per cent of the childcare centre operator from Greentown Education Group. Montessori Academy is an important player in Australia’s childcare sector and operates over 50 centres across Australia.
The G+T team was led by Banking Special Counsel Alison Morris, with support from a team including Daniel Wangatau, Hannah Townley and Dom Goddard. The Property aspects of the transaction were led by Nick Lazarou and Ming Hua Ho. Corporate assistance was provided by Muli Zhou and Alex Fielden.
Alison commented: "We are delighted to have assisted on this refinancing and to have worked collaboratively with Montessori Academy Group to implement a financing package to support their business. The childcare services industry is worth ~$19 billion annually. Quality childcare is an integral part of the Australian economy and is crucial in supporting children’s development."
