King & Wood Mallesons (KWM) has advised G8 Education Limited (G8) on its proposed A$212.8 million placement to CFCG Investment Partners International (Australia) Pty Ltd (CIPI), in its capacity as the Manager of the First Capital Australia Education Master Fund. CIPI is a wholly owned subsidiary of the China First Capital Group Limited.

The KWM team was led by Brisbane Partner Stefan Luke, who was supported by Senior Associate Isaac Evans and Solicitor Akshay Naran.

Following completion of the placement, G8 will use the proceeds from CIPI to pay down existing debt as well as to fund further child care centre acquisitions in Australia.