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Bright Horizons Family Solutions has today announced that the group has successfully bought kidsunlimited in a £45m deal which officially closed yesterday.
Bright Horizons has acquired the nursery group from Lloyds Banking Group’s private equity arm LDC.
has 64 nurseries which will now be joining Bright Horizon nurseries to total 203, which provide over 15,500 children's places.
Carole Edmond, managing director of Bright Horizons UK and Ireland said: "We warmly welcome all kidsunlimited staff, children, families and clients to Bright Horizons. We believe this will be a partnership which will benefit everyone. Our companies have a shared purpose to provide exceptional and inspiring care and education for the early years, to support the dependant care and employee wellbeing aspirations of our clients, and to offer our staff the best opportunities for professional development and job satisfaction. We look forward to what the future brings."
Ros Marshall, chief executive officer kidsunlimited said: "We are delighted to be joining the Bright Horizon's family. Both companies share a commitment to excellence, innovation and investment in their staff and facilities, creating the environment for all of the children, parents and staff in their care to flourish. Carole and I have worked closely over the past few years, commenting on government policy and helping to shape the standards for childcare and early years education.
"We share a very similar culture, and approach to our nursery business, and our company values underpin a united purpose for our nurseries to provide rich learning and play experiences which empower children to become confident, creative lifelong learners."
Kidsunlimited nurseries are mainly based in the North West, London and the South East, as well as Oxford and Cambridge.
The nursery group had a reported revenue of £41m in their last financial year, and had been working on a new strategy for the past several years which is anticipated to mature under Bright Horizon’s ownership.
Bright Horizon’s chief executive officer David Lissy said: “We have long admired the kidsunlimited team and are excited to welcome the children and families they serve as well as their nursery staff and clients into the Bright Horizons® family. Both organisations share a deep commitment to quality early years education and workplace child care, giving us the seamless ability to join forces and making this a natural step for our growth in the region.
"The combination gives us a well established foothold providing high-quality care and early education for children throughout England, and solidifies our position as the leader in providing high-quality employer sponsored child care throughout the UK”