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Childcare boss in $26m deal in hot water after liquidation

Key Points

  • Darren Misquitta’s Genius Childcare is looking to acquire G8 Education centres.
  • That will require negotiating lease assignments with landlords. 
  • A Genius venture in Melbourne was liquidated over $5m in unpaid rent. 

The director of a childcare company that plans to acquire 31 underperforming centres from G8 ran another childcare venture that went broke late last year, owing almost $5 million rent to a landlord.

Darren Misquitta, director of Genius Childcare, was also accused of failing to supply key financial records to a liquidator, according to a report to creditors filed earlier this month. Mr Misquitta has since told The Australian Financial Review he had retained lawyers “to work with liquidators”.

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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au

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    Original URL: https://www.afr.com/companies/healthcare-and-fitness/childcare-boss-in-26m-deal-in-hot-water-after-liquidation-20240125-p5f03n