Jan 14 Bain Capital-backed Bright Horizons
Family Solutions Inc, a child care and early education provider,
said it expects to sell 10.1 million shares at between $19 and
At the midpoint of this range, the IPO will raise $202
Founded in 1986, Bright Horizons provides employer-sponsored
child care and early education programs, and manages child care
centers for companies, hospitals, universities and government
The Watertown, Massachusetts-based company, which has
operations in North America, Europe and India, also offers
college counseling and other services for working families.
The company plans to list its common stock on the New York
Stock Exchange under the symbol "BFAM". Goldman Sachs, J.P.
Morgan and Barclays are lead underwriters to the offering.
The company, which Bain Capital took private for $1.3
billion in 2008, had filed for an IPO with U.S. regulators in
The Massachusetts-based company will be selling all the
shares in the IPO and plans to use the proceeds to repay debt
and for working capital purposes.