Kindercare Group Limited acquired by Busy Bees Group in multi-million pound deal

Clearwater Advisor

The Manchester office of Clearwater International has advised Kindercare Group Limited, the Preston-based provider of nursery, after school and holiday care on its sale to the Lichfield-based Busy Bees Group. It is the second nursery care provider that Tenon Livingstone Guarantee has sold to industry consolidator Busy Bees in the last 18 months following the sale of D&B Day Nurseries in November 2000. The deal takes the total investment in Busy Bees to £28 million.

“This gives Busy Bees a huge step up in a rapidly changing market and the opportunity to almost double the size of their existing business. The deal also gives the Carr’s the opportunity to extract some value whilst still being able to share in the future growth of what all parties believe will be a very successful venture.”