Childcare operator Edge Early Learning has filed for voluntary administration. The private equity backed company manages 70 childcare centres, leaving the future of these locations in doubt. Arena REIT revealed the entry into voluntary administration after notifications about the condition of the childcare group were received.
Advisory firm KordaMentha was named as administrator for Edge Early Learning. Administrators have begun oversee the operations and financial health of the childcare provider. Arena REIT No 1 was given formal notice about the process. The entry into administration leaves 70 childcare centres facing uncertainty while KordaMentha handles the process.