Ropes & Gray, Kirkland Steer KinderCare’s $648 Million IPO

Ropes & Gray and Kirkland & Ellis are leading the legal work on a proposed $648 million initial public offering by daycare operator KinderCare Learning Cos. Inc.

Ropes & Gray is representing the Lake Oswego, Oregon-based company, which is backed by private equity firm Partners Group Holding AG, according to a filing with the US Securities and Exchange Commission. Partners Group will retain 71% of the company’s shares after the offering, the filing shows.

KinderCare has about 2,500 locations in 40 states and the District of Columbia. The proposed listing comes after KinderCare delayed an offering in 2021, citing “regulatory ...