Event Details
May 01, 2003
Description
KLC's acquisition of AER
Participants (2)
| Name | Type | Mentions | |
|---|---|---|---|
| KLC | organization | 174 | View Entity |
| AER | organization | 65 | View Entity |
Source Documents (1)
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.
Related Events
Events with shared participants
KLC's fiscal year 2005 audit
2005-01-01 • N/A
KLC fiscal year audit
2005-01-01 • N/A
KLC acquired Aramark Educational Resources (AER)
2003-05-01 • U.S.
KLC separated its education operations from its real estate assets.
2005-11-01 • USA
KLC divided its business into PropCo (real estate) and OpCo (operations).
2005-11-01 • N/A
KLC separated its education operations (KLC OpCo) from its real estate assets (KLC PropCo).
2005-11-01 • USA
Separation of business into operating (KLC OpCo) and property (KLC PropCo).
2005-11-01 • N/A
Separation of KLC into KLC OpCo and KLC PropCo
2005-11-01 • United States
Hypothetical date for pro forma financial adjustments
2004-01-01 • Unknown
Real Estate Transaction
Date unknown • Nationwide
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