Kids Planet, a Greater Manchester, UK-headquartered Family-owned nursery care and education business, received a further £6.5m investment.
Business Growth Fund made the investment.
The company intends to use the funds to double the number of nurseries within the group in the next five years.
Led by Clare Roberts, CEO, Kids Planet provides nursery care and education services to around 3,000 children. Since opening its first two nurseries in Warrington and Widnes, the company has grown organically and through the acquisition of several nurseries – including Jeffrey’s Corner, Liverpool Nurseries and Yarrow House Nurseries – to become one of largest groups in the region.
BGF initially invested £10m into Kids Planet in 2016 to support acquisitions and nursery fit-outs. Since the initial investment, the business has expanded from 17 to 23 sites across the North of England, including most recently in Preston, Stockport, Billinge and Swinton.
Kids Planet has a number of new sites already in the pipeline, including developments in Great Sankey, Hoylake, Manchester city centre and EllenBrook, which will follow the current model of early-years care based around creative play, nutritional meals and educational support.
FinSMEs
16/04/2018