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Christie & Co advises on day nursery portfolio sale

02 August 2016 08:50

Christie & Co - the Christie Group's specialist provider of agency and advisory services - has completed the sale of Positive Steps Children's Day Nurseries Ltd to Busy Bees Childcare, one of the UK's leading childcare operators, in a deal believed to be the largest transaction in the sector this year. Members of Christie & Co's childcare & education team were engaged to sell the established group of eight impressive childcare settings and one development site with planning consent for day nursery use, in a highly-confidential process to a target list of well-financed buyers over an initial six week period.

The portfolio is one of the most highly-acclaimed in the South East and operates with a total effective operating capacity for 619 children. All of the nurseries are located in prime sought after trading locations around London and the surrounding counties.

As anticipated, this opportunity drew substantial levels of interest from a wide range of prospective buyers including national and regional operators, private equity investors, overseas providers and a number of high net worth individuals.

At 8:50am: (LON:CTG) Christie Group PLC share price was 0p at 77.5p

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