Nursery and pre-school acquired in confidential sale
Leeds Montessori Nursery and pre-school has been sold for an undisclosed sum.
The deal for the free hold nursery, which is next to Roundhay Park in Leeds, was arranged by specialist business property adviser, Christie & Co.
The nursery has capacity for 94 children and operates from a Grade II listed property.
Following a confidential sales process it has been sold to Bright Stars Nurseries (previously known as ICP Education) which now has over 70 settings in its portfolio.
Previous owner, Anooj Kotecha, said: “I am thrilled that Bright Stars Nursery Group has taken Leeds Montessori into their group.
“There is a great fit in terms of values and approach, and I have no doubt Stephen and his team will build on the work done at Leeds Montessori in creating somewhere special for children.
“I also want to thank Nick at Christie & Co for his valuable guidance through the process.”
Stephen Booty, executive chairman at Bright Stars Nurseries, said: “Anooj has built a really high-quality nursery and we are happy to have the Leeds Montessori as part of our Group. We look forward to working with Annette and her team to continue to build upon the success that they have achieved.”
The sale was handled by Nick Brown and Vicky Marsland at Christie & Co.
Brown, director & head of brokerage – childcare & education at Christie & Co, added: “This was a fantastic instruction to win with my colleague, Vicky Marsland.
“This was a highly confidential sale which created a super level of interest from a number of well-funded buyers.
“The demand for nurseries in and around Leeds has continued to grow after the recent sale of two other high-profile groups, Twinkles Nurseries and the Kinder Haven nursery group.”