Bright Horizons Family Solutions Announces Waiver of IPO Lock-Up Restriction
WATERTOWN, Mass., June 10, 2013 /PRNewswire/ -- Bright Horizons Family Solutions Inc. (NYSE: BFAM) today announced that Goldman, Sachs & Co., J.P. Morgan Securities LLC, and Barclays Capital Inc., the lead book-running managers in the Company's recent initial public offering of 11,615,000 shares of the Company's common stock, are waiving a lock-up restriction with respect to 103,000 shares of the Company's common stock held by certain officers or directors of the Company. The waiver will take effect on June 12, 2013, and the shares may be sold on or after such date.
This press release is not an offer for sale of the securities in the United States or in any other jurisdiction where such offer is prohibited, and such securities may not be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933, as amended.
About Bright Horizons Family Solutions Inc.
Bright Horizons Family Solutions® is a leading provider of high-quality child care, early education and other services designed to help employers and families better address the challenges of work and life. The Company provides center-based full service child care, back-up dependent care and educational advisory services to more than 850 clients across the United States, the United Kingdom, Ireland, the Netherlands, Canada and India, including more than 130 FORTUNE 500 companies and more than 75 of Working Mother magazine's 2012 "100 Best Companies for Working Mothers". Bright Horizons is one of FORTUNE magazine's "100 Best Companies to Work For" and is one of the UK's Best Workplaces as designated by the Great Place to Work® Institute. Bright Horizons is headquartered in Watertown, MA.
CFO – Bright Horizons
VP – Communications – Bright Horizons
SOURCE Bright Horizons Family Solutions Inc.