Bain Capital affiliate takes Bright Horizons private in $1.3 billion deal

By Lisa Kerner

Charlotte, N.C., May 28 - Bright Horizons Family Solutions, Inc. said it merged with an affiliate of Bain Capital Partners, LLC, becoming a privately held company in the process.

In January, Bright Horizons agreed to be acquired by the Boston private investment firm for $48.25 cash per share in a deal valued at $1.3 billion.

Bright Horizons common stock will cease to trade on the Nasdaq Global Select Market prior to the opening of the market on Thursday, according to a Bright Horizons news release.

"We are pleased to be entering this next stage of Bright Horizons' growth and development in partnership with Bain Capital, which was among the original backers of our vision 22 years ago," Bright Horizons chief executive officer Dave Lissy said in the release.

Bright Horizons provides employer-sponsored child care, early education and work/life solutions at more than 600 centers in the United States, the United Kingdom, Ireland and Canada. The company is based in Watertown, Mass.

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