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Teachers to buy British day care operator for $320 million

from The Globe and Mail

Ontario Teachers' Pension Plan is set to buy a British day care company for around $320 million, expanding its reach into a sector that has become attractive to pension funds and other investors. The pension fund's investment arm, Teachers' Private Capital, has been named the preferred bidder for Busy Bees, Britain's largest day care provider with 212 centres offering care for 19,000 children, according to sources familiar with the transaction. more

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