Learning Care Group, Inc.

Learning Care Group is one of the nation’s largest child care providers with 17,000 employees and licensed capacity to provide education and care for over 100,000 children daily in over 900 corporate and franchise centers worldwide. Jacobson Partners initially invested in Childtime in 2001 pursuant to a consulting agreement and made an additional investment in 2002 that enabled the Company to acquire Tutor Time Learning Systems, Inc. out of bankruptcy. A rights offering in 2003 and subsequent sale/leaseback transaction significantly reduced the Company’s debt and strengthened its balance sheet. Jacobson Partners hired a new senior management team that closed underperforming locations, accelerated franchisee growth, introduced a new curriculum for both the Childtime and Tutor Time brands and generated industry-leading same store comparable sales gains. Learning Care Group was sold to A.B.C. Learning Centres, Ltd. in January 2006 for a total return to investors of 4.8x the initial investment.

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