Estro said its current outstanding debt would be reduced by 75 per cent and largely converted into equity in the company.
It said no interest payments would b made over the “initial” years of the agreement, leaving Estro’s cash flow available for further investments.
Estro, which was formerly known as Catalpa, received an investment from Providence Equity Partners in 2010.
The company provides pre-school and after-school childcare services in almost 600 facilities across the Netherlands.
The business, which Bain entered as a founding investor, sold 10.1 million shares for $22 each, valuing it at about $2.1bn.
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