Advent Partners 1 Fund has invested in Junior Adventures Group (JAG), a leading service provider in the outside school hours care (OSHC) market. It is one of only 3 national players in Australia. JAG operates over 240 before and after school care and holiday programs across the country and employs over 1,400 employees on a casual and permanent basis. Each day, over 9,000 school aged children participate in a JAG run program.
Advent was attracted to the business as it has a strong market position in a large growing market with favourable industry dynamics. The provision of capital to JAG has allowed continued investment in systems and processes to enhance service quality across the network and to support a differentiated experience for program participants. Advent will also selectively pursue bolt-on acquisition opportunities in Australian states where the business is currently underrepresented.