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The UK’s largest nursery group, Busy Bees Nurseries Ltd has announced an agreement to acquire Treetops Nurseries, the UK's fourth largest childcare provider, in a £93m deal.
Treetops Nurseries, which has a portfolio of 61 nurseries predominantly in the East and South East of England, is being sold by the investment company, Electra Private Equity.
The transaction is expected to be completed in early April and will bring the total number of Busy Bees nurseries to 329 in the UK.
Marg Randles, managing director of Busy Bees Childcare, said: "We are delighted to welcome Treetops Nurseries into the Busy Bees family. The group has an excellent reputation for providing quality childcare and we are all really looking forward to working with the extremely dedicated teams in place, all of whom will continue to play the most important role providing quality care for the children in partnership with their families.
"Meanwhile we will be working very closely with the management team to ensure that we fully support the joint ambition to deliver exceptional care and education for children."
Treetops Nurseries has been growing through acquisitions in the past few years. In 2014, Treetops acquired Happy Child Nurseries based in the South East and in April 2016, it acquired Kindercare in Yorkshire. It also acquired Toybox in 2013, Queen of Hearts in 2014, and The Green Umbrella, Holme Park and Fitzsimmons Place in 2017.
Charles Eggleston, chief executive of Treetops Nurseries, said: "Since opening our first nursery in 1991, we have built up one of the most successful nursery businesses in the UK. It has been an incredible journey and a fantastic team effort from everyone involved.
"We were understandably precious about the next stage of the journey but I genuinely believe Busy Bees will continue the Treetops ethos and help us build upon the tremendous success we have achieved.
"I’d like to sincerely thank everyone who has helped us along the way and look forward to the exciting opportunities ahead."
Busy Bees employs and provides training for over 8,000 staff to support the delivery of care for over 35,000 children.