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Majority sale of Montessori Academy to Greentown Education Investment Co

1 April

PwC Legal has successfully negotiated the majority sale of leading Australian provider of early childhood education, Montessori Academy, on behalf of shareholders to Greentown Education Investment Co. Ltd, a wholly-owned subsidiary of HKSE-listed Greentown Service Group Co., Ltd.

Montessori Academy is a leading provider of structured early childhood education for pre-school age children in Australia.  One of the largest independent groups in Australia, it currently operates 23 long day care centres in Sydney. The business was founded by Charles and Colette Assaf in 2008 in response to the relatively low quality offering available at the time and has grown organically over time.

Greentown is one of Asia’s high-quality players in the education sector , with interests in K12 schools, kindergartens and early childhood education.

The PwC Legal team managed and negotiated the principal M&A aspects and transaction documents of the deal, in conjunction with the PwC M&A, Tax, Transactional Services, and Valuations teams.  

The transaction represents the culmination of almost 12 months of complex deal negotiations starting with a competitive bid process.

Commenting on the transaction, Rendle O'Connell, M&A Lead Advisory Partner at PwC said: “Having the benefit of running an auction process with the Legal team from the outset provided us with invaluable early stage access to critical legal analysis around all aspects from structuring issues to seamless interactions with bidders on NDAs and a real time lens on legal issues as they arose throughout the negotiations.”

James Delesclefs, M&A Legal Partner at PwC said: “Our team’s joined-up approach which brought together our legal, M&A, Tax and other services, delivered a far more efficient transaction process.”   


PwC Legal in Australia now has 31 partners across all key specialisations, with over 120 lawyers nationally across offices in Sydney, Melbourne, Brisbane and Perth and is part of an aligned regional PwC legal services offering that includes network firms with significant cross border M&A capability, particularly in Hong Kong and Singapore. PwC’s global network of firms has over 3,200 lawyers in more than 100 countries.


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