Childcare operator Edge Early Learning has entered voluntary administration. The PE-owned company operates 70 childcare centres, leaving the future of its locations up in the air. Arena REIT announced the entry into voluntary administration once notifications about the condition 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 status of the childcare provider. Arena REIT No 1 received formal notice about the proceedings. The entry into administration leaves 70 childcare centres facing an unclear fate while KordaMentha handles the process.