Two Peepo Day Nursery settings in the West Midlands sold to Kids Planet
Specialist business property adviser, Christie & Co, has announced the sale of two Peepo Day Nursery settings, one in Solihull and the other in Birmingham.
The two nurseries benefit from a ‘homely’ feel and excellent reputations. They were previously owned by Mr and Mrs White and were brought to market to allow the pair to exit the sector and spend more time with their close family.
The settings have been purchased by Kids Planet, one of the fastest growing nursery groups in the country, taking the group to 78 settings with further growth expected in the Midlands.
Mrs White comments, “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, comments, “Mr and Mrs White needed honest and sincere advice about what their business was worth after many years of dedicated work. They entrusted me to carefully and confidentially market the nurseries and find a reputable buyer in a short period of time. After receiving a range of interest for Peepo, we were able to agree a sale within four days of coming to market and then carefully manage the sale through to completion within 10 weeks of agreeing a sale. The nurseries have a prime location in the ‘Second City’, and we are delighted to continue to develop our relationship with Kids Planet and their expansion into the Midlands.
“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.”
The Peepo Day Nursery settings were sold for an undisclosed price.