Cynergy Bank has completed a £25 million transaction to Fennies Day Care Nursery Group, which has 11nurseries across Surrey and Southeast England, Property Magazine International has reported.
The capital will be used by Fennies to support its operations which were interrupted during the pandemic, and its future growth aims which include acquiring further settings
The loan has been provided by the Coronavirus Business Interruption Loan Scheme, a commercial term loan. and a revolving credit facility.
Cynergy Bank was advised by estate agent Gerald Eve and law firm Fieldfisher.
Date published: 8 June 2021