Bain Capital to pay big premium of $1.3 billion for Bright Horizons child care

Bright Horizons Family Solutions Inc. on Monday said Bain Capital Partners LLC, will pay a hefty premium of $1.3 billion (euro870 million) for the child care services company.

The private equity deal sent shares of Bright Horizons up by more than a third in morning trading, to its highest level in three months.

Boston-based Bain will pay $48.25 per share in cash for Bright Horizons, a 47 percent premium over its closing price of $32.79 on Friday. The companies expect the deal to close in the second quarter.

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