Childcare operator Edge Early Learning has filed for voluntary administration. The private equity backed company operates 70 childcare centres, leaving the future of its locations in doubt. Arena REIT revealed the entry into voluntary administration after notifications about the situation of the childcare group arrived.
Advisory firm KordaMentha was chosen as administrator for Edge Early Learning. Administrators have taken over oversee the operations and financial health of the childcare provider. Arena REIT No 1 got formal notice about the proceedings. The entry into administration leaves 70 childcare centres facing uncertainty while KordaMentha manages the process.