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Christie brokers sale of day nursery group

18 January 2017 07:47

Christie & Co - the Christie Group's specialist provider of agency and advisory services - has successfully brokered the sale of Magic Nurseries to Les Petits Chaperons Rouges, France's leading private nursery chain.

Magic Nurseries was founded by Tom Reed in 2002 and the portfolio has steadily grown via strategic acquisitions of single sites and small regional groups into a portfolio of 16 children's day nurseries located across Leicestershire, Northamptonshire, Cambridgeshire and Hertfordshire.

LPCR was created in 2000 as the first provider of employer-sponsored childcare in France, and has since grown into one of the leading premium private nursery Groups in Europe, serving c.12,500 children per day at more that 300 nurseries in France and Germany.

LPCR's acquisition of The Magic Nurseries Portfolio represents its first UK platform investment.

Story provided by StockMarketWire.com

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