Brokers sale of flagship Day Nurseries Group

RNS Number : 4181H

Christie Group PLC

17 August 2016

 

17 August 2016

Christie Group plc
("Christie Group" or the "Company")

Christie & Co brokers sale of flagship Day Nurseries Group in Canary Wharf

Christie Group plc (CTG.L), the leading provider of Professional Business Services and Stock & Inventory Systems & Services to the leisure, retail and care markets, is pleased to announce that Christie & Co, its specialist provider of agency and advisory services, has successfully brokered the sale of Canary Wharf's Little Unicorn Day Nurseries Group to leading childcare provider Bright Horizons Family Solutions.

Founded in 1998 by Kate Williamson, the independently-owned flagship Little Unicorn Group currently consists of 4 settings with an effective operating capacity for around 350 children.

Nick Brown, Associate Director within Christie & Co's Childcare & Education team, commented on the transaction, noting, "At the time Kate started her business, Canary Wharf was a very different place to the thriving area which it is today, and the development of a fledgling childcare business at that time was perceived to be a potential risk.

"However, the sheer determination of her and her family to succeed enabled them to not only open their first setting, but grow and evolve the business to where it is today, a thriving group of 4 premium childcare settings which also offer emergency childcare facilities and back up care."

"With an excellent reputation, premium fees and very high demand from parents and Wharf-based employers for places, the business quickly became a success.

"In an era of insecurity following the recent Brexit vote, it's heartening to see that a major international childcare operator like Bright Horizons Family Solutions saw this privately- run group in the heart of London's financial quarter as a desirable prime asset to acquire."

Enquiries:

Christie Group plc

David Rugg	020 7227 0707
Chief Executive
Dan Prickett	020 7227 0700
Chief Financial Officer

Richard Lunn
Managing Director Care, Christie & Co                                                                                020 7227 0716  

Panmure Gordon (UK) Limited:

Dominic Morley / Charles Leigh-Pemberton                                                                   020 7886 2906

Nominated Adviser & Broker

Notes to Editors:

Christie Group plc, quoted on AIM, is a leading professional business services group with 46 offices across the UK, Europe and Canada, catering to its specialist markets in the leisure, retail and care sectors.

Christie Group operates in two complementary business divisions: Professional Business Services (PBS) and Stock & Inventory Systems & Services (SISS). These divisions trade under the brand names: PBS - Christie & Co, Pinders, Christie Finance and Christie Insurance: SISS - Orridge, Venners and Vennersys.

Tracing its origins back to 1846, the Group has a long established reputation for offering essential services to client companies in agency, valuation services, investment, consultancy, project management, multi-functional trading systems and online ticketing services, stock audit and inventory management. The diversity of these services provides a natural balance to the Group's core agency business.

For more information, please go to www.christiegroup.com

 

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