Redwoods Dowling Kerr is delighted to announce the multi-site sale of Noah’s Ark Childcare Centre Limited, a group of seven nursery settings located across Devon.
Noah’s Ark Childcare Centres was established in 1996 as a partnership by our clients, Mr and Mrs Squires, who had a background in teaching. At this time Mr & Mrs Squires were starting a family and wanted to offer the quality childcare provision that they were unable to find elsewhere.
The group now stands at 7 settings with a combined capacity for 386 children, aged 3 months to 5-years-old, with many of the sites offering breakfast, after school and holiday club provision.
As the UK’s leading sales broker within the childcare industry, Redwoods Dowling Kerr were confident that this opportunity would be an ideal bolt-on acquisition for a current regional operator due to their ideal locations.
The successful acquirer Tops Day Nurseries opened in 1990 with four children and now provides care for more than than 3000 children in 27 nurseries across the South West of England.
Mr & Mrs Squires, previous owners of Noah’s Ark Childcare Centre Limited, commented:
“We would like to thank Redwoods Dowling Kerr for all their assistance with our sale. Special thanks also to Karrina Lee who was our dedicated negotiator from the start and we wish parents, staff and children all the best for the future”
Cheryl Hadland, Managing Director of Tops Day Nurseries, commented:
“We are delighted to be welcoming more colleagues, children and their families into our Group. Each nursery has its own environment, community and heritage and we will be working with each one to celebrate where they are already. I would like to thank RDK for introducing us to this opportunity and for the work they have done over the last few months to make it happen.”
Karrina Lee, Senior Childcare negotiator, commented:
“It was a pleasure assisting Mr & Mrs Squires with the sale of their group. We approached Tops Day Nurseries as we believed they would be a perfect buyer for this opportunity due to their large presence in the region and also the opportunities that they can give to the existing employees. Mr & Mrs Squires had worked incredibly hard to build up the group from when they first started back in 1996 and I am pleased that they can now continue to enjoy their future with their family”
Jenna Caldwell, Head of Childcare for Redwoods Dowling Kerr, commented:
“The South West continues to be a highly acquisitive region where activity for high quality childcare settings is continuing to grow. This was further demonstrated earlier this year when the sector witnessed the first ever nursery group sale to an overseas investor being the sale of Bambinos Day Nursery Group to JaiYi Education, facilitated by Redwoods Dowling Kerr. Buyer demand is currently very strong, and we are looking forward to another record year”
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