A major development in the childcare sector sees Newcastle-based Leigh’s Nurseries acquired by Kids Planet. The deal, managed by UNW LLP and Muckle LLP, secures jobs for over 80 staff.
Acquisition Overview
The acquisition of Newcastle-based Leigh’s Nurseries by the national group Kids Planet marks a notable expansion in the UK childcare sector. This deal was strategically orchestrated by advisors at UNW LLP and Muckle LLP. Leigh’s Nurseries, which has been lauded with seven ‘outstanding’ Ofsted ratings consecutively, integrates seamlessly into the Kids Planet portfolio, bolstering its market position with now over 195 locations caring for more than 29,000 children.
Significance of the Deal
Leigh’s Nurseries, established two decades ago by Leigh and Paul Caven, has fostered a remarkable reputation for quality in early years education. This purchase not only secures the company’s legacy but also guarantees continued employment for its 80-plus staff members. Kids Planet’s acquisition underscores its commitment to expanding its footprint in the North East.
The strategic value of Leigh’s Nurseries centres on its exceptional educational standards and community trust. For Kids Planet, the acquisition represents an opportunity to enhance its service offering within the region.
Background of Leigh’s Nurseries
Founded with their first establishment in Heddon-On-The-Wall, Leigh and Paul Caven expanded their enterprise across Gateshead and North Tyneside. These locations serve over 230 children, reflecting the widespread local demand for quality childcare.
The founders, who felt a personal connection with Kids Planet, regarded the acquisition as a fitting transition. This decision was driven by their desire to ensure the long-term success of their business.
Having never sold a business before, the Cavens sought expert advice. They appointed UNW LLP, led by Nick Broadhead and Chris Wilson, due to strong recommendations. Throughout the process, they were guided to maximise the value they built over 20 years.
Role of Advisors
UNW LLP, renowned for its corporate finance expertise, played a pivotal role in facilitating this transaction. Their approach was described as ‘diligent and professional’ by the sellers. This level of support was crucial in navigating the complexities of the sale.
Legal guidance was equally significant, with Muckle LLP’s corporate team, led by Philip Clare and Stephanie Brown, ensuring all aspects of the deal complied with regulatory requirements. The collaboration between these advisory firms contributed to a smooth transaction.
Future Outlook
The acquisition by Kids Planet is anticipated to enhance its service delivery and educational offerings across the North East. This move aligns with a broader strategy to strengthen its national presence.
The integration of Leigh’s Nurseries into Kids Planet is expected to foster innovation and maintain high educational standards. Staff are assured stability in their roles, with potential growth opportunities within a larger organisation.
Parents and children using these nurseries can anticipate continued excellence in care and educational provision under the stewardship of Kids Planet.
Statements from Key Figures
Leigh and Paul Caven expressed their affection for their staff and community, reiterating that Kids Planet was the right partner. “We met Kids Planet and instantly there was a connection,” they stated.
Nick Broadhead of UNW LLP highlighted the strategic nature of the deal, describing it as a ‘once-in-a-lifetime opportunity’. He commended the Cavens for their contribution to the sector over the years.
Community Impact
The acquisition is seen positively within the local community, ensuring the continuity of high-standard childcare services. With Kids Planet at the helm, there is optimism about further investments and developments in the area.
The acquisition of Leigh’s Nurseries by Kids Planet secures its legacy and promises stability for staff. The community can expect continued excellence in childcare under the new management.
