Teachers' Private Capital buys Busy Bees

Although financial details were not officially disclosed, several media reports valued the business in the region of £220m. Busy Bees' management will maintain a significant minority stake in the company.

Busy Bees plans on developing new locations and acquiring other facilities with the support of its new backer.

The company was previously owned by Singapore-based education group Knowledge Universe. Rothschild is believed to have been running the sale process.

Debt
GE Capital was appointed as agent and mandated lead arranger to provide senior debt facilities for the deal. An additional facility was put in place to support Busy Bees' acquisition strategy and rollout plans.

Total debt facilities are understood to be worth around £150m.

Babson Capital Europe co-arranged the mezzanine facility. 

Company
Based in Burntwood, Busy Bees was founded in 1983 and currently operates 213 nurseries. It employs 7,000 staff and caters to 20,000 children.

People
Jo Taylor led the deal for TPC.

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• Topics
• Buyouts
• Consumer
• UK / Ireland
• United Kingdom
• Mid-market buyout
• Ontario Teachers' Private Capital