Evolve puts Porse unit on the market after strategic review

Tue, 03 Apr 2018

By Jonathan Underhill April 3 (BusinessDesk) - Evolve Education Group, which raised $132 million in a 2014 public offering to acquire and bundle a group of childcare and home-help businesses, has put its Porse in-home childcare business up for sale after a strategic review. The announcement follows the company's second profit warning in February when it said net new enrolments didn't meet its target and it was likely to write down goodwill on acquisitions. "The decision follows a strategic review of Porse and its fit with Evolve’s core...

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