ABC Learning Centres, one of the world’s biggest childcare businesses, could sell some of its US business to private equity firms or rivals after investor concerns over its debt-fuelled expansion hit its shares, reports Reuters. Quoting unidentified sources, the Australian Financial Review reported Wednesday that ABC is close to a deal to sell most of its US assets to a private equity firm and would use cash from the sale to repay short-term debt.

This entry was posted by Gwen Robinson on Wednesday, March 5th, 2008 at 5:42 and is filed under Capital markets, M&A, Private equity. Tagged with ABC Learning. Edit this entry.