Babson Capital provides mezz for Teachers' Busy Bees
Babson Capital Europe has provided a mezzanine facility to support the ТЃ220m acquisition of UK nursery chain Busy Bees by Teachersт Private Capital last week.
GE Capital was agent and mandated lead arranger on senior debt for the deal, with total debt facilities accounting for £150m of the Busy Bees deal value.
Busy Bees is headquartered in Burntwood and employs more than 7,000 people across its 213 sites. Founded in 1983, the chain was backed by Gresham between 2000 and 2006, when the GP reaped 3.6x money by selling the asset to ABC Learning Centres of Australia.
David Hirschmann is managing director at Babson Capital Europe.
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