Buyer found for seven-strong portfolio of day nurseries
Tiptoes Nursery Group, a portfolio of seven day nursery settings located around East Yorkshire, has been sold to Kids Planet Day Nurseries.
The buyer, which now owns 213 settings across the UK, acquired the Yorkshire group for an undisclosed price in a deal arranged by specialist business property adviser, Christie & Co.
Originally founded in 2009 by Paul and Helen Gilson, Tiptoes is an established day nursery group that has grown to now provide care for over 700 children across seven purpose-built properties in West Hull, East Hull, Hessle, Willerby, Sutton, Goole and Bricknell Avenue.
Helen and Paul Gilson said: “Partnering with Kids Planet has transformed what could have been a challenging transition into a truly pleasurable experience.
“Their professionalism and genuine commitment to integrating Tiptoes into their group, made the process seamless, allowing us to feel confident that our beloved business was in safe hands.”
Clare Roberts, CEO at Kids Planet, said: “Tiptoes is a fantastic group of purpose-built settings, expanding our presence in East Riding of Yorkshire and Hull.
“We are happy to welcome these seven nurseries and their wonderful teams into the Kids Planet family. We look forward to supporting all of the teams, children and families moving forwards.”
Nick Brown, director & head of brokerage – childcare & education at Christie & Co, added: “I first met with Paul and Helen in 2016 when they were looking to expand, and we have kept in touch since then.
“It was only this year when they were looking to re-assess where they were at that we had a more in-depth look at where the business and the market were in terms of potential value.
“This then triggered a highly confidential sales process. They are a buyer’s dream because they have been super-efficient in providing all the information a buyer could want.
“This is an exceptional group that they should be very proud of, and we are pleased to have brokered their sale to Kids Planet who I am sure will continue to build on the excellent work they have achieved over the years.”
