Sale to Quad-C Management, Inc.

Technology & Services
Sale to Quad-C Management, Inc.


Baird served as the exclusive financial advisor to Rainbow on this transaction.


Rainbow Early Education Holdings (“Rainbow” or the “Company”), a portfolio company of Spire Capital Partners (“Spire”), was recently acquired by Quad-C Management, Inc. (“Quad-C”). Terms of the transaction were not disclosed.

Rainbow is a leading early education provider serving over 10,500 students and operates 121 schools across twelve states. Rainbow provides a differentiated early education offering, including state-of-the-art facilities and a proven, all-inclusive early education curriculum that is enhanced with enrichment programs to facilitate exploration of music, dance, art, athletics, fitness, interaction and community. Rainbow serves families and blue-chip enterprises including corporations, hospitals and universities. Rainbow is headquartered in Troy, Michigan.

Spire is an active and experienced private equity firm with an investment focus on lead and control investments in companies within the business services, information services, education, media and communications sectors. Spire leads buyout investments in its areas of expertise and believes its deep industry experience and network of relationships are invaluable in helping its portfolio companies to grow and create value. Spire is investing out of its third fund and has managed over $900 million in private equity commitments since its founding. Founded in 2000, Spire is headquartered in New York, New York.

Quad-C is a middle market private equity firm focused on investing in well-established business services, consumer, general industrial, healthcare, specialty distribution and transportation and logistics companies. In its 25-year history, Quad-C has invested over $2 billion of equity across more than 50 companies. The Quad-C team is committed to partnering with entrepreneurs and management teams to accelerate growth and create long-term value. Founded in 1989, Quad-C is headquartered in Charlottesville, Virginia.

For additional information about this transaction, please contact:

Dan Alfe +1 (312) 609-4922
Andrew Snow +1 (312) 609-4972
Les Cheek +1 (617) 426-5789
Chris Sciortino +1 (312) 609-4923
Sandy Walter +1 (414) 298-5118
Martin Luen +44 (207) 667-8381
Technology & Services
Sale to Quad-C Management, Inc.
June 2016
Rainbow Early Education Holdings
Technology & Services
Target Location
North America
Acquiror Location
North America