Cattaneo Corporate Finance has supported Kindred Nurseries on three acquisitions in four weeks.
Kindred Education, the operator of day-nurseries and pre-schools, has completed the acquisitions of The Big Top Nursery Group, Building Blocks Nursery and Mary Poppins Nursery. The acquisitions bring Kindred’s number of settings to 51 across London, South of England, East of England and Midlands and takes the total number of acquisitions on which Cattaneo has assisted Kindred to five.
The three nurseries, with a combined capacity of 307 places give Kindred an increased footprint in Buckinghamshire, Lincolnshire and Derbyshire. All of the settings have good OFSTED ratings and are market leaders in their local areas.
The Cattaneo team of Martyn Pilley and Oliver Lowe provided acquisition support to Kindred including detailed financial analysis on the key metrics of each target, including assessing their anticipated performance as part of Kindred, assisting with the preparation of documents for Kindred’s internal board and funding approval processes and liaising with Kindred’s internal team as well as external due diligence and legal advisers.
Oliver Lowe of Cattaneo commented:
“We have provided buy-side support to a number of clients, demonstrating our ability to understand our client’s objectives and then apply our extensive M&A experience to assist them in managing the process as an extension of their own team. We are delighted to have worked with Kindred again following its investment from Livingbridge in December last year.”
