Business
Sale of Yellow Dot Nurseries Gp to Bright Horizons
Sale of Yellow Dot Nurseries Gp to Bright Horizons.
About this update from Christie Group Plc
[{"type":"text","content":"\n \nRNS Number : 1908K Christie Group PLC 09 April 2018 \n\n\n\n9 April 2018\nChristie Group plc(\"Christie Group\" or the \"Company\")\n \nChristie & Co brokers the sale of Yellow Dot nurseries group to Bright Horizons\n \nChristie Group plc (CTG.L), the leading provider of Professional Business Services and Stock & Inventory Systems and 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 Yellow Dot Holdings Limited and Subsidiary Companies, an exceptional portfolio of 12 day nurseries located in affluent residential areas across central Hampshire with a combined operating capacity for 794 children.\n\nFounded by Managing Director, Jane Dyke in 1997, Yellow Dot maintains an excellent reputation and benefits from a locally renowned and very highly regarded brand. The business comprises impressive childcare settings including purpose built nurseries and converted residences, former public houses and commercial properties.\n\nYellow Dot has been acquired by leading childcare provider, Bright Horizons Family Solutions, whose offer was accepted as a result of the companies' shared visions and cultures of promoting exceptional and high quality childcare.\n\nThe addition of Yellow Dot brings Bright Horizons' total number of nurseries in the UK to more than 320 and more than 1,000 worldwide.\n \nActing on behalf of Jane and Trevor Dyke, Courteney Donaldson, Managing Director - Childcare & Education and Nick Brown, Head of Brokerage - Childcare at Christie & Co handled the sale of Yellow Dot, ensuring a confidential and efficient sales process from instruction through to completion.\nCourteney Donaldson comments, \"Last autumn, Jane and I discussed the buoyancy of the UK and the scope to achieve a premium price in the event of a professionally executed sale process through Christie & Co. Following weeks of preparation, the opportunity to acquire Yellow Dot nurseries was introduced to a carefully selected pool of potential buyers in early December who were invited into the confidential sales process. In early February we received multiple offers, over the asking price, from a wide variety of trade operators and investors alike, with deliverable offers being p...