Four years after Montessori Academy founders Charles and Colette Assaf won the backing of a Chinese early childhood education services provider, the pair is back in the driver’s seat.
Street Talk can reveal the Assaf family has struck a deal to buy back 16 per cent of the childcare centre operator from Greentown Education Group, increasing its stake to 60 per cent and regaining majority control.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com