Kids Planet has acquired two Peepo Day Nursery settings, one in Solihull and the other in Birmingham, from previous owners Mr and Mrs White, taking the nursery group’s tally of settings to 78.
Mrs White said: “After coming to the difficult decision to sell the settings due to family circumstances, we were approached by a variety of buyers. We very quickly decided on Kids Planet to be the new owners for many reasons. They have a wonderful ethos and vision for childcare, with their family and child-centred approach making us confident the settings will be in very good hands into the future. Kids Planet have the support systems, knowledge, and experience in place to build on the quality childcare achieved in previous years, and there is no doubt they will strive to offer the very best for the children, staff and families. They have been wonderful throughout the acquisition, and we wish them every success now and into the future.”
Jassi Sunner, associate director at Christie & Co, who handled the sale, added: “The childcare market is extremely buoyant at the moment, with a range of buyers from large national groups adding to their portfolios. In the Midlands, especially, we are seeing smaller regional groups continue to grow, as well as those still in the infancy of their business adding to their existing nursery. This is creating an unprecedented amount of interest in the market, a growing number of viewings and, quite often, a best and final offer deadline which can manifest itself into a premium due to competitive tension.”
Kids Planet is actively seeking a buyer, as revealed by EIG in April.
Date published: 2 September 2021