Evolve buys five new centres in ACT for A$12m

Evolve buys five new centres in ACT for A$12m
Jenny Ruth
Evolve Education Group said it has bought five childcare centres in the Australian Capital Territory for A$12 million and expects to settle the transaction on or about March 31, 2020. "The acquisition will contribute strongly to Australian and group earnings in calendar year 2020 and beyond, further strengthen our presence in Australia as well as establish an impressive first group of centres in the ACT," said managing director Chris Scott in a notice to NZX. The purchase price represents a multiple of 4.3 times centre-based earnings befo...

More Services

Airwork on the block to repay $145m of bank debt
Law & Regulation

Airwork on the block to repay $145m of bank debt

Airwork has an outstanding intercompany loan of $35.83m, owes trade creditors $219,000.

Denise McNabb 11 Sep 2025
Risky Business: understanding NZ’s insurance sector
Services Editor’s note

Risky Business: understanding NZ’s insurance sector

BusinessDesk’s latest special project.

Victoria Young 11 Sep 2025
Assessing Spark's datacentre deal with PEP
Markets Analysis

Assessing Spark's datacentre deal with PEP

Could Spark be paying special dividends before the end of the decade?

Pattrick Smellie 13 Aug 2025
Food Chain report shows $9m owing
Services

Food Chain report shows $9m owing

More than $9.1m is owing in the liquidation of food supplier Food Chain, the first report in the insolvency shows. The company, which has ceased trading, had approximately 60 staff, and is also in receivership. The first liquidators' report of Adam Botterill and Damien Grant...

Staff reporters 11 Jul 2025