G8 Education Limited (ASX:GEM) entered into an agreement to acquire Leor Pty Ltd for AUD 9.5 million on September 20, 2021. Leor will operate as a newly established specialist care division within G8 Education, under the leadership of Leor Founder and Managing Director Andrea Christie-David. The acquisition will be funded from the G8 Education's existing cash reserves and is subject to customary closing conditions.

Leor is expected to be self-funding following a modest initial investment in capability and is expected to have a neutral impact on the Group's CY22 earnings. VCF Capital Partners acted as financial advisor for Leor Pty Ltd.