G8 Education Limited (ASX:GEM) entered into an agreement to acquire Leor Pty Ltd for AUD 9.5 million on September 20, 2021. Leor will operate as a newly established specialist care division within G8 Education, under the leadership of Leor Founder and Managing Director Andrea Christie-David. The acquisition will be funded from the G8 Education's existing cash reserves and is subject to customary closing conditions. Leor is expected to be self-funding following a modest initial investment in capability and is expected to have a neutral impact on the Group's CY22 earnings. VCF Capital Partners acted as financial advisor for Leor Pty Ltd.

G8 Education Limited (ASX:GEM) completed the acquisition of Leor Pty Ltd on October 1, 2021. David Holland and Mandi Jacobson of Hogan Lovells Sydney acted as legal advisor to G8 Education Limited in the transaction.