![Right At School Logo](/_next/image?url=https%3A%2F%2Fimages.ctfassets.net%2Favlsku53zsfm%2F75uIfkkfEKmQxGq3xKuCyA%2Fca197ea2051036a069593795b2a3f8e4%2FRAS.png&w=750&q=75)
Right At School is a leading national provider of before and after school childcare in the U.S.
Investment
N/A
Fund
ONCAP V
Period
July 2023 - Present
ONCAP Team
![Right At School Hero](/_next/image?url=https%3A%2F%2Fimages.ctfassets.net%2Favlsku53zsfm%2F3S2AdBLiFfVSSWFJGD887H%2F799de7a5a10f64e60052801de6b2018b%2FCropped.jpg&w=1200&q=75)
Transaction Summary
ONCAP made a majority equity investment in partnership with Right At School's founder and management team in July 2023.
Business Description
Based in Chicago, Illinois, Right At School is a leading national provider of before and after school childcare in the U.S. The Company offers care directly on-site at ~900 schools across 18 states and serves ~55,000 students per year.
Investment Thesis
ONCAP was attracted to Right At School due to its: (i) market-leading position in before & after school care; (ii) excellent culture focused on the student experience; (iii) opportunity for organic growth given significant whitespace and fragmented nature of the industry; (iv) multiple levers for growth; (v) attractive unit economics and strong cash flow characteristics and (vi) committed and entrepreneurial management team.