Wee Gems Nursery Group, located in Scotland, was sold to ICP Education Limited in a deal facilitated by Redwoods Dowling Kerr.
The deal brings with it some further exciting changes for ICP. Following on from our recent announcement of ICP’s first North West acquisition with the purchase of Future Champions Nursery Group in Lancashire, we have now enabled ICP to take their first steps into Scotland.
Wee Gems Group is a superb group of four childcare settings located in Edinburgh and West Lothian and all settings are within approximately 10 miles of each other. The group has a combined capacity for 379 children and boasts professional accreditations, multiple awards, and is ranked as a Top 10 Scottish nursery group by the NDNA.
Mahyar Mortazavi and Boyd Murdoch decided to sell Wee Gems to allow Boyd a much-deserved retirement and for Mahyar to seek other business interests after 17 years.
Mahyar confirmed in a statement to RDK that he highly commended the RDK sales team which was led by Director of Childcare & Education Jenna Caldwell.
He praised their inventive and resourceful approach to selling his business. Mahyar confirmed that to give up a highly profitable business, good value needed to be achieved and that Jenna went above and beyond in this respect. He stated that the Corporate sales process also brought with it protection in regard to confidentiality and that it would not have been possible for them to have achieved the same outcome selling direct. Mahyar Mortazavi confirmed: “We are not in the business of selling things therefore we don’t have the market knowledge or know how much we can push the value. We never expected offers to be received within 24 hours of viewings and after being told by other agents that we were dreaming it was an incredible result”
Director of Childcare & Education Jenna Caldwell stated: “It has been incredible working with Mayhar and Boyd with the sale of their group. I knew we would have to go above and beyond due to them being disappointed with their experience with a previous broker and to deliver from the outset which we really did. We received interest from far and wide but specifically Europe and the UK but ultimately Mahyar and Boyd felt that ICP were the prefect fit.
I wish all parties the very best with their future plans and it is fantastic to know that Pante-a Mortazavi (Mahyar’s daughter) will be continuing with ICP as their Operations Manager.”
Are you thinking of selling your business?
If you are considering selling your business and have any questions about what you may need to consider, then one of our experienced sales negotiators are always here to chat through any important points you may want to discuss:
Are you looking to buy a business? If you are looking to purchase a business, then the RDK sales team are here to work with you. Perhaps you are considering entering a new market or expanding your presence within an existing one? Whatever stage you’re at RDK have a wealth of opportunities that may be of interest to you.
