MindChamps Acquires The Grove Academy

In April 2019, MindChamps announced it had entered into an agreement to buy all the shares of seven companies that own and operate eight early learning centres in the suburbs of Sydney, for a total of nearly $40.84 million. We understand these centres to be The Grove Academy centres within the following locations – Mascot (x 2), West Hoxton (x 2), Kemps Creek, Parramatta, Shellharbour and Albion Park.

The acquisition will take the total number of MindChamps early learning centres in Australia to 20, significantly strengthening the brand's presence and further underpinning the strength of the Australian child care market from an international viewpoint.