We are the largest private provider of high-quality early childhood education and care services (“ECE”) in the United States by center capacity. We are a mission driven organization, rooted in a commitment to providing all children with the very best start in life. We serve children ranging from 6 weeks to 12 years of age across our market leading footprint of 1,490 early childhood education centers with capacity of more than 195,000 children and contracts for more than 650 before- and after-school sites located in 40 states and the District of Columbia as of October 2, 2021. We believe families choose us because of our differentiated, inclusive approach and our commitment to delivering every child a high-quality educational experience in a nurturing and engaging environment. We operate all of our centers under the KinderCare brand and utilize a consistent curriculum and operational approach across our network. We offer a differentiated value proposition to the children, families, schools and employers we serve, driven by our market-leading scale and commitment to quality, access and inclusion. We leverage our extensive network of community-based centers, employer-sponsored programs, and before- and after-school sites, to meet parents where they are; an important factor in the context of evolving work styles as a result of the novel coronavirus (“COVID-19”) pandemic. We utilize our proprietary curriculum with the goal of generating superior outcomes for children of all abilities and backgrounds. We use third-party assessment tools that consistently show children in our centers outperform their peers in other programs in readiness for kindergarten. We voluntarily seek accreditation at all of our centers and onsite programs, demonstrating our commitment to best practices for our sector. Our commitment to transparent, third-party validation of the quality and impact of our offerings is a critical factor for parents when selecting a center for their children. Our culture promotes high levels of employee engagement, which leads to better financial performance of our centers. Our expertise helping families access public subsidies for childcare is a core competency and drives greater levels of diversity and access in our centers. We have built a reputation as a leader in early childhood education and care across our three go-to-market channels: KinderCare Learning Centers, KinderCare Education at Work and Champions. • KinderCare Learning Centers (“KCLC”) is the largest private provider of community-based early childhood education centers in the United States by center capacity. As of October 2, 2021, KCLC operates approximately 1,400 KCLC centers. Most KCLC centers are accredited by accrediting bodies such as the National Association for the Education of Young Children (“NAEYC”). The accreditation process evaluates curriculum, evidence of learning, operating practices and health and safety protocols. The majority of the unaccredited centers are newer to our fleet of centers – either as newly built centers or as acquisitions and are currently in various stages of the two-year accreditation process. Families typically become aware of KCLC through our strong brand recognition, public relations campaigns, digital and direct marketing efforts and word of mouth references before enrolling directly in a center. KCLC serves families with children between six weeks and 12 years of age. KCLC represented 79.2% and 77.2% of our 2020 and 2019 revenue, respectively. • KinderCare Education at Work (“KCE at Work”) is a leading provider of employer-sponsored childcare programs. As of October 2, 2021, KCLC operates 72 onsite employer-sponsored centers. The KCLC centers and onsite employer-sponsored centers together comprise our early childhood education centers. We work closely with employers to design programs that effectively address the childcare needs of their employees. Our ability to offer both onsite centers, as well as access to our own leading KinderCare center network, provides flexibility and accessibility to a broad range of employees. We currently serve more than 600 employers through onsite programs and tuition discount benefit programs for employees. KCE at Work represented 17.8% and 18.1% of our 2020 and 2019 revenue, respectively. • Champions is a leading private provider of before- and after-school programs in the United States. Our outsourced model provides an attractive value proposition to schools and districts. We provide staff, teachers and curriculum to deliver high-quality supplemental education and care to families and children onsite at schools we serve, and have contracts for more than 650 sites as of October 2, 2021. Champions represented 3.0% and 4.7% of our 2020 and 2019 revenue, respectively. Our operating strategy is designed to deliver a high-quality experience for every child and family we serve across all of our centers and sites. This self-reinforcing strategy is anchored in four pillars: • Educational Excellence. We leverage our proprietary curriculum combined with third-party assessment tools and voluntary accreditation to deliver a high-quality educational experience and provide objective validation of the quality and impact of our programs. • People & Engagement. We utilize a proprietary, data-driven approach to attract, hire and develop exceptional talent. We instill a culture that builds emotional connections between our employees and our mission and values, driving high engagement across our organization. Our internal surveys consistently demonstrate that a more engaged workforce leads to better financial performance of our centers. • Health & Safety. We consistently adhere to strict procedures across all of our centers to provide a healthy, safe environment for our children and our workforce and to deliver confidence and peace of mind to families. Our procedures address both the physical and mental health of children and are informed by input from the Center for Disease Control and Prevention (the “CDC”) and other third-party experts. • Operations & Growth. Our operational excellence enables us to deliver profitable growth and to fund consistent reinvestment into our service offerings. We utilize a robust technology platform and proprietary operating procedures to deliver a high-quality, consistent experience across our centers and sites. Our technology platform closely monitors activity across all centers and sites and allows us to stay connected with families on a daily basis through digital channels. We utilize this proprietary data to continuously refine our operations and adapt to changing market conditions and consumer preferences. We were originally formed as KC Holdco, LLC, a Delaware limited liability company. In connection with this offering and the Reorganization, we will convert into a Delaware corporation pursuant to a statutory conversion and will be renamed KinderCare Learning Companies, Inc. Our principal executive office is located at 650 NE Holladay, Suite 1400, Portland, OR.