King & Wood Mallesons acts for CBA Equities on Affinity Education Group IPO

King & Wood Mallesons has acted for CBA Equities as lead manager and underwriter on the initial public offering (IPO) of Affinity Education Group, a provider of education and childcare to children.

Affinity Group is seeking to raise $77.5m (£48.4m), the majority of which will be used to acquire 57 childcare centres and the management rights for a further 11 centres, giving the company a significant foothold in the growing sector.

The King & Wood Mallesons team was led by partner David Eliakim, who was supported by solicitor Hoda Nahlous.