Bright Horizons Family Solutions, Inc. to Report First Quarter 2008 Results

SOURCE:

Bright Horizons Family Solutions

2008-04-08 14:06:00

Bright Horizons Family Solutions, Inc. to Report First Quarter 2008 Results

BOSTON, MA–( EMWNews – April 8, 2008) – Bright Horizons Family Solutions, Inc. (NASDAQ: BFAM) will release results for the period ended March 31, 2008, on Friday,

April 25, 2008. The earnings release will be available on the Company’s

website and will also be available on a Current Report on Form 8-K to be

filed with the Securities and Exchange Commission shortly thereafter.

Due to the previously announced agreement and plan of merger providing for

the acquisition of Bright Horizons by an affiliate of Bain Capital

Partners, LLC, the Company will not host a conference call or webcast

regarding its first quarter 2008 results.

About Bright Horizons

Bright Horizons Family Solutions is the world’s leading provider of

employer-sponsored child care, early education and work/life consulting

services, managing more than 600 early care and family centers in the

United States, the United Kingdom, Ireland and Canada. Bright Horizons

serves more than 700 clients, including more than 95 FORTUNE 500 companies

and 75 of the “100 Best Companies” as recognized by Working Mother

magazine. Bright Horizons is one of FORTUNE magazine’s “100 Best Companies

to Work For.”

About Bain Capital

Bain Capital, LLC (www.baincapital.com) is a global private investment firm

that manages several pools of capital including private equity, venture

capital, public equity and leveraged debt assets with more than $65 billion

in assets under management. Since its inception in 1984, Bain Capital has

made private equity investments and add-on acquisitions in more than 300

companies in a variety of industries around the world, and has a team of

more than 300 professionals dedicated to investing in and supporting its

portfolio companies, including such leading companies as Dunkin’ Donuts,

Michaels Stores and Domino’s Pizza. Headquartered in Boston, Bain Capital

has offices in New York, London, Munich, Hong Kong, Shanghai and Tokyo.

Important Information About the Transaction

In connection with the proposed merger, Bright Horizons Family Solutions,

Inc. has filed a definitive proxy statement with the Securities and

Exchange Commission. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ

THE DEFINITIVE PROXY STATEMENT BECAUSE IT CONTAINS IMPORTANT INFORMATION

ABOUT THE MERGER AND THE PARTIES THERETO. Investors and security holders

may obtain a free copy of the definitive proxy statement and other

documents filed by Bright Horizons at the Securities and Exchange

Commission’s Web site at http://www.sec.gov/. The definitive proxy

statement and such other documents may also be obtained for free from

Bright Horizons at http://www.brighthorizons.com/proxy or by directing such

request to Stephen I. Dreier, Chief Administrative Officer and Secretary,

200 Talcott Avenue South, Watertown, Massachusetts 02472, (617) 673-8000.

Bright Horizons and its directors, executive officers and other members of

its management and employees may be deemed to be participants in the

solicitation of proxies from its shareholders in connection with the

proposed merger. Information concerning the interests of Bright Horizons’

participants in the solicitation, which may be different than those of

Bright Horizons shareholders generally, is set forth in the definitive

proxy statement and Annual Report on Form 10-K, previously filed with the

Securities and Exchange Commission.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements based on current

Bright Horizons management expectations. Those forward-looking statements

include all statements other than those made solely with respect to

historical fact. Numerous risks, uncertainties and other factors may cause

actual results to differ materially from those expressed in any

forward-looking statements. These factors include, but are not limited to,

(1) the occurrence of any event, change or other circumstances that could

give rise to the termination of the merger agreement; (2) the outcome of

any legal proceedings that have been or may be instituted against Bright

Horizons and others relating to the merger agreement; (3) the inability to

complete the merger due to the failure to obtain shareholder approval or

the failure to satisfy other conditions to consummation of the merger; (4)

the failure to obtain the necessary debt financing arrangements set forth

in commitment letters received in connection with the merger; (5) the

failure of the merger to close for any other reason; (6) risks that the

proposed transaction disrupts current plans and operations and the

potential difficulties in employee retention as a result of the merger; (7)

the effect of the announcement of the merger on our customer relationships,

operating results and business generally; (8) the ability to recognize the

benefits of the merger; (9) the amount of the costs, fees, expenses and

charges related to the merger and the actual terms of certain financings

that will be obtained for the merger; and (10) the impact of the

substantial indebtedness incurred to finance the consummation of the

merger. Many of the factors that will determine the outcome of the subject

matter of this press release are beyond Bright Horizons’ ability to control

or predict. Bright Horizons undertakes no obligation to revise or update

any forward-looking statements, or to make any other forward-looking

statements, whether as a result of new information, future events or

otherwise.

INVESTOR CONTACT:
Elizabeth Boland
617-673-8000

MEDIA CONTACT:
Ilene Serpa
617-673-8000

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