Childcare operator Edge Early Learning has entered voluntary administration. The private equity backed company operates 70 childcare centres, leaving the future of these locations uncertain. Arena REIT disclosed the entry into voluntary administration following notifications about the status of the childcare group were received.
Advisory firm KordaMentha was chosen as administrator for Edge Early Learning. Administrators have begun oversee the financial oversight and financial situation of the childcare provider. Arena REIT No 1 got formal notice about the process. The entry into administration leaves 70 childcare centres facing an unclear fate while KordaMentha handles the process.