Childcare operator Edge Early Learning has entered voluntary administration. The PE-owned company operates 70 childcare centres, leaving the future of these locations in doubt. Arena REIT announced the entry into voluntary administration after notifications about the situation of the childcare group were received.
Advisory firm KordaMentha was appointed as administrator for Edge Early Learning. Administrators have stepped in to oversee the running and financial situation of the childcare provider. Arena REIT No 1 received formal notice about the proceedings. The entry into administration leaves 70 childcare centres facing doubt while KordaMentha manages the process.