Ropes & Gray Represents Bright Horizons in IPO and Debt Refinancing
Bright Horizons also undertook a debt refinancing concurrently with the IPO and will use the proceeds from the IPO, together with the proceeds from its new $790 million term loan, to retire the outstanding senior notes and senior subordinated notes and repay its existing term loan.
Bright Horizons Family Solutions® is a leading provider of employer-sponsored child care, early education, and work/life solutions. The company operates more than 750 child care and early education centers worldwide. Ropes & Gray represented investment funds affiliated with Bain Capital LLC when they acquired the company in 2008.
The Ropes & Gray team representing Bright Horizons included private equity partner Craig Marcus, benefits partner Renata Ferrari, finance partner Byung Choi and finance counsel Milap Patel. The team also included securities & public companies associate Rachel Phillips; benefits associates Jenny Rikoski; finance associates Amy Olson and Arek Maczka; corporate associate Jon Zucker; and paralegal Andrea Daley.