Bright Horizons Family Solutions Acquires kidsunlimited in the UK

      Bright Horizons Family Solutions Acquires kidsunlimited in the UK

  PR Newswire

  WATERTOWN, Massachusetts, April 11, 2013

   - Unites the UK's top providers of workplace childcare, expands regional
                                  footprint

WATERTOWN, Massachusetts, April 11, 2013 /PRNewswire/ --Bright Horizons
Family Solutions® (NYSE: BFAM), a global provider of employer-sponsored child
care and early education, today announced it has completed the acquisition of
kidsunlimited, a premier operator of nurseries throughout England and
Scotland. Founded in 1983, kidsunlimited operates 64 nurseries, including
lease/consortium locations as well as workplace nurseries for blue-chip
employers such as Cambridge University Hospitals, WH Smith, and The University
of Oxford. The network of locations includes a strong concentration of
nurseries in the North West, London/South East Region as well as Oxford and
Cambridge.

(Logo: http://photos.prnewswire.com/prnh/20100818/NE52441LOGO )

"We have long admired the kidsunlimited team and are excited to welcome the
children and families they serve as well as their nursery staff and clients
into the Bright Horizons® family. Both organizations share a deep commitment
to quality early years education and workplace child care, giving us the
seamless ability to join forces and making this a natural step for our growth
in the region. The combination gives us a well established foothold providing
high-quality care and early education for children throughout England, and
solidifies our position as the leader in providing high-quality employer
sponsored child care throughout the UK," said Bright Horizons Chief Executive
Officer David Lissy.

This combination brings the total number of Bright Horizons nurseries in the
UK to 203 with the capacity to serve approximately 15,500 children. The
transaction officially closed on April 10, 2013 for cash consideration of £45
million. kidsunlimited reported revenue of £41 million in their last fiscal
year ended April 30, 2012 and had been executing on a new organic rollout
strategy for the past several years which is anticipated to mature under
Bright Horizons ownership. After deal costs and one-time expenses associated
with achieving operating synergy, this transaction is expected to be neutral
to Bright Horizons' earnings for the remainder of 2013 and to become accretive
in 2014. Additional information will be provided on the Company's earnings
call for the first quarter of 2013, expected to be held in early May 2013.

Forward-Looking Statements This press release contains forward-looking
statements which involve a number of risks and uncertainties. Forward looking
statements include all matters that are not historical facts, including
statements regarding our current expectations concerning our results of
operations and growth. Bright Horizons Family Solutions' actual results may
vary significantly from the results anticipated in these forward-looking
statements as a result of certain factors. These include the ability of the
Company to 1) successfully integrate acquisitions, including kidsunlimited,
and achieve operating synergies 2) execute contracts relating to new
commitments and renew contracts with acquired or existing clients, 3) retain
existing and enroll new families in centers, and 4) implement our growth
strategies successfully, as well as those risks and uncertainties described in
the "Risk Factors" section of our Annual Report on Form 10-K filed with the
Securities and Exchange Commission. These forward looking statements speak
only as of the time of this release and we do not undertake to publicly update
or revise them, whether as a result of new information, future events or
otherwise, unless required by law. 

About Bright Horizons Family Solutions Inc. Bright Horizons Family Solutions®
is a leading provider of high-quality child care, early education and other
services designed to help employers and families better address the challenges
of work and life. Bright Horizons provides center-based full service child
care, back-up dependent care and educational advisory services to more than
850 clients across the United States, the United Kingdom, Ireland, the
Netherlands, Canada and India, including more than 130 FORTUNE 500 companies
and more than 75 of Working Mother magazine's 2012 "100 Best Companies for
Working Mothers." Bright Horizons is one of FORTUNE magazine's "100 Best
Companies to Work For" and is one of the UK's Best Workplaces as well as one
of the Top 25 Best Large Workplaces in Europe as designated by the Great Place
to Work Institute. Bright Horizons is headquartered in Watertown, MA. The
Company's website is located at www.brighthorizons.com .

Website: http://www.brighthorizons.com
Contact: Elizabeth Boland, Investor, +1-617-673-8125, or Ilene Serpa, Media,
+1-617-673-8044
 
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