Child Care News
ABC here to stay, Eddy says
NEWS.com.au - Kevin Meade - March 10, 2008Eddy Groves was given a standing ovation yesterday by more than 1000 operators of the childcare centres...
ABC Learning defends financial ties
Courier Mail - Liam Walsh - March 9, 2008Some of the loan from the contractor's private company to the privately-owned childcare business was specifically earmarked for repaying debt to ABC...
ABC Learning Centres founders in shares fire sale
Melbourne Herald Sun - Liam Walsh - March 8,2008CHILDCARE entrepreneurs Eddy and Le Neve Groves have been forced to sell all but a sliver of their shareholdings in the business they co-founded 20 years...
Investors savage ABC Learning deal
The Age - Vanessa Burrow - March 7, 2008Founder Eddy Groves' decision to sell 60% of the child-care centre operator's US business was met with wildly different responses, with the stock gaining as...
ABC Learning gets a debt lifeline
The Age - Vanessa Burrow - March 6, 2008CHILD-CARE giant ABC Learning will sell a 60% stake in its US child-care centres to Morgan Stanley Private Equity, in a deal that will help the company...
Busy Bees childcare vouchers up for sale
Times Online (UK) - Paul Larter - March 5, 2008ABC Learning, the owner of Britain’s biggest childcare provider, appointed Rothschild yesterday to manage the sale of the leading business in the sector...
ABC closes in on US sale
The Australian - John Durie - March 05, 2008EDDY Groves is in final negotiations on the partial sale of ABC Learning's US kindergartens. A deal is understood to have the backing of...
ABC extends trading freeze, sale talks
NEWS.com.au - Liam Walsh and James McCullough - March 05, 2008ABC Learning yesterday prolonged a trading freeze on the stock exchange as reports surfaced Eddy Groves and his wife had split...
ABC woes unnerve corporate child care
The Age - Vanessa Burrow – March 5, 2008Child care was an emotive issue and companies wanted to know their centre was safe, and that employees' children would still receive care…
ABC tries to sell US assets
The Australian - Glenda Korporaal and David Nason - March 05, 2008The two most likely bidders are US childcare giant Knowledge Universe Corp, which is backed by former junk bond king Mike Milken, and Bright Horizon Family...
Plenty of achievements amid sins
The Australian - Peter Switzer - March 4, 2008In 1988, he kicked off into the childcare business with his first ABC Learning Centres operation. The decision was classic entrepreneurial vision...
Lesson in playground etiquette
Courier Mail - Barrie Elvish CEO C&K - March 4, 2008As ABC has close to 50 per cent of the childcare market in Queensland, the turmoil the company is experiencing has significant ramifications beyond the...
ABC's US centres in the lurch as talks go on
The Age - Vanessa Burrow - March 4, 2008THE future of ABC Learning Centres' child-care centres in the US is in limbo, as the company continues talks with an as-yet-unidentified interested party...
Childcare king seeks US buyer
The Australian - Adele Ferguson - March 3, 2008Mr Groves, who built his ABC Learning childcare empire from just 25 centres seven years ago to more than 2300 today, arrived at Los Angeles airport on...
Former Howard minister shares in the pain
The Age - Jason Koutsoukis - March 2, 2008THE crisis affecting ABC Learning Centres has spread to John Howard's former minister for children, Larry Anthony...
