Partners Group-Backed KinderCare Seeks Up to $648 Million in IPO

KinderCare Learning Cos. Inc.is seeking to raise $648 million in an initial public offering, which could give it a market value of as much as $3.1 billion.

The Partners Group Holding AG-backed childhood education company plans to market 24 million shares for $23 to $27 each, according to its filing Monday with the US Securities and Exchange Commission.

Accounting for employee stock options and restricted stock units, the company would have a fully diluted value of about $3.5 billion if the shares price at the top of a marketed range, according to Bloomberg calculations. Funds affiliated with Partners ...