Kids Planet nursery group goes for growth with £10 million Business Growth Fund boost
The family business teaches and cares for 3,500 young children every week in 18 centres across the North-west and has been rated “outstanding” by inspector Ofsted according to its more recent, tighter criteria.
Now Kids Planet plans to scale more quickly, rolling out five new day nurseries by 2018, while continuing its mixed asset model of acquisitions, conversions and purpose-built properties.
In the deal BGF, a leading UK SMEs investor backed by Barclays, HSBC, Lloyds, RBS and Standard Chartered banks, will take a 25 per cent stake.
The boost is set to add 150 jobs to the 687 currently... read more
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