Business law firm, DWF, has advised kidsunlimited – one of the UK’s largest nursery care providers – throughout its sale to Bright Horizons Family Solutions® (Bright Horizons), a global provider of employer-sponsored child care and early education.
The deal, worth £45 million, provides an exit for kidsunlimited’s private equity investor, LDC, which backed a secondary buyout of the business in 2008.
kidsunlimited operates 64 nurseries in the UK, including lease and consortium locations as well as workplace nurseries for blue-chip employers such as HSBC, WH Smith and Oxford University. The network of locations includes a strong concentration of nurseries in the North West, London, Oxford and Cambridge.
Bright Horizons, which is listed on the New York Stock Exchange, delivers centre-based full service child care, back-up dependent care and educational advisory services to more than 850 clients across the United States, the United Kingdom, Ireland, the Netherlands, Canada and India, including more than 130 FORTUNE 500 companies.
Acting for kidsunlimited throughout the sale was Jonathan Robinson, partner in DWF’s Corporate and Commercial team. Jonathan was supported by Darren Orsmby and Francesca Coupe.
Jonathan commented: “This partnership will support kidsunlimited in its strategic goals, helping the company to build on the significant growth it has already achieved in its 30-year history, and the fantastic support it offers to parents and children alike.”