Childcare operator Edge Early Learning has filed for voluntary administration. The PE-owned company manages 70 childcare centres, leaving the future of those locations uncertain. Arena REIT revealed the entry into voluntary administration after notifications about the condition 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 status of the childcare provider. Arena REIT No 1 received formal notice about the process. The entry into administration leaves 70 childcare centres facing doubt while KordaMentha oversees the process.