KinderCare
OrganizationRelationship Network
Event Timeline
| Connected Entity | Relationship Type |
Strength
(mentions)
|
Documents | Actions |
|---|---|---|---|---|
|
organization
KLC
|
Acquisition |
6
|
2 | |
|
organization
KLC
|
Corporate acquisition |
6
|
2 | |
|
organization
KLC
|
Acquirer target |
5
|
1 |
| Date | Event Type | Description | Location | Actions |
|---|---|---|---|---|
| 2005-02-01 | N/A | KLC sold $260.0 million in Senior Subordinated Notes in connection with the KinderCare acquisition. | N/A | View |
| 2005-01-01 | N/A | KLC acquired KinderCare | N/A | View |
| 2005-01-01 | N/A | Acquisition of KinderCare. | N/A | View |
| 2004-01-01 | N/A | Acquisition of KinderCare by KLC | Unknown | View |
| 2004-01-01 | N/A | Center sale-leaseback program conducted by KinderCare | Unknown | View |
HOUSE_OVERSIGHT_024515.jpg
This document appears to be page 82 of a larger corporate report or offering memorandum provided to the House Oversight Committee (stamped HOUSE_OVERSIGHT_024515). It details the operational structure and financials of 'KLC OpCo' (Knowledge Learning Corporation), focusing on its Early Childhood Education (ECE) unit, including the acquisition of KinderCare. It provides revenue figures for the fiscal year ending December 31, 2005, and describes the company's business units and physical facilities.
HOUSE_OVERSIGHT_024513.jpg
This document is a financial schedule (Page 80) titled 'KLC Consolidated' showing Pro Forma EBITDA adjustments for 2004 and 2005. It details costs associated with the acquisitions of AER and KinderCare, specifically focusing on restructuring charges ($29.4M in 2005), severance pay for closing the Golden, CO office, and 'parallel organization costs' of running duplicative infrastructures. It also notes a $7.8 million payment to KLC's departing CEO in 2006 and bears a House Oversight Bates stamp.
HOUSE_OVERSIGHT_024512.jpg
This document is page 79 of a financial report (stamped HOUSE_OVERSIGHT_024512) detailing the fiscal performance of KLC (Knowledge Learning Corporation) and KinderCare for the period ending December 31, 2005. It outlines expenses including salaries ($734.9M), rent ($121.1M), and general administrative costs, while noting a corporate restructuring involving KLC OpCo and KLC PropCo. While part of a larger cache likely related to investigations into Apollo Global Management (which acquired KLC) and its ties to Jeffrey Epstein, this specific page contains purely corporate financial data with no direct mention of Epstein.
HOUSE_OVERSIGHT_024508.jpg
This document is page 75 of a financial report detailing the 'Management's Discussion and Analysis' of KLC's operations following its January 2005 acquisition of KinderCare. It outlines significant financial restructuring, including the assumption of over $1 billion in various debts (term, bridge, mortgage, and mezzanine) and a 'Real Estate Transaction' in November 2005 that split the company into operating (OpCo) and property (PropCo) entities. The text explains the non-standard (pro forma) accounting methods used to present these results, noting they do not strictly conform to SEC Regulation S-X Article 11.
HOUSE_OVERSIGHT_024507.jpg
This document page details the management team and advisory board of Knowledge Universe Education (KUE), listing Lowell and Michael Milken as co-founders. It outlines two major financial instruments: a $200 million promissory note payable to KULG related to the acquisition of KinderCare, and a $150 million term loan from Credit Suisse used to repay debt owed to entities controlled by Michael Milken. The document is stamped with House Oversight markings.
HOUSE_OVERSIGHT_024583.jpg
This document is a biographical overview of five executives at KUE (Knowledge Universe Education): Jeffrey Safchik, Richard Sandler, Adam Cohn, Geoffrey Moore, and Michael Neumann. It details their professional backgrounds, including affiliations with the Milken Family Foundation, Greenstreet Real Estate Partners, and prior roles at major financial and media institutions. The document appears to be an exhibit (labeled HOUSE_OVERSIGHT_024583) from a US House Oversight Committee investigation.
HOUSE_OVERSIGHT_024567.jpg
This document, page 134 of a House Oversight production, details related party transactions involving KLC (Knowledge Learning Corporation) and its affiliates. It outlines a management services agreement with Knowledge Universe Limited LLC involving a $2.5 million annual fee, financing details for the KinderCare acquisition involving $250 million in notes, and relationships with the law firm Maron & Sandler and RFG Financial Group. Specific individuals mentioned include Mr. Maron, Mr. Sandler, and Ralph Finerman, highlighting their board memberships and financial interests in the entities.
HOUSE_OVERSIGHT_024531.jpg
This document outlines the financial terms regarding 'Borrowings under the Revolver' and 'Senior Subordinated Notes' for an entity referred to as KLC (likely related to KinderCare). It details interest rates, guarantees provided by KSI, and restrictive covenants limiting the company's financial activities. Specifically, it notes a February 2005 sale of $260 million in notes to fund the KinderCare acquisition.
HOUSE_OVERSIGHT_024529.jpg
This document is a financial projection schedule for 'KLC OpCo' (likely Knowledge Learning Corporation) covering the years 2005 through 2011. It details EBITDA adjustments, including restructuring charges for the acquisitions of AER and KinderCare, and notes a $7.8 million payment related to the 2006 departure of the CEO. The document bears a House Oversight Bates stamp.
HOUSE_OVERSIGHT_024525.jpg
This document is page 92 of a financial memorandum (Bates stamped HOUSE_OVERSIGHT_024525) detailing corporate restructuring involving KLC (Knowledge Learning Corporation) around 2005. It outlines a real estate transaction where KLC OpCo transferred properties to KLC PropCo to be leased back, notes the acquisition of KinderCare, and mentions Wayne Pipes as the VP of Real Estate. It also includes environmental liability disclaimers and financial projection discussions involving pro forma adjustments of $96.3 million in rent expenses.
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