News on 123 Busy Beavers, a chain of corporation-controlled daycare in Canada with connections to the Austrialian-based ABC Learning (which controls a chain of over 700 daycare centres):
A listed cashbox is financing the $C14 million buyout of an 11-centre Canadian childcare operation with links to ABC Learning. Montreal-based investment cashbox San Anton Capital, which is listed in Canada, is teaming up with Edleun Inc to acquire the assets of operator 123 Busy Beavers. Busy Beavers used an ABC educational program and had former ABC staff. It was created via the Brisbane-based 123 Group, which had many contracting ties to ABC.
The Ontario Coalition for Better Child Care has been following the entry of 123 Busy Beavers into Canada. Here’s some background information from their website:
- More Bad News from Australia (July 16, 2009)
- Australia: Movement to Take Child Care Public (January 31, 2009)
- Opposition parties unite to fight big-box daycare (November 1, 2007)
