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Busy Bees seeks management buy-out?
By Catherine Gaunt,
Nursery World,
12 March 2008
The founders of Busy Bees, the UK's largest nursery chain, could be poised to buy back part of the business they started 25 years ago after parent company ABC Learning Centres put the childcare voucher business up for sale last week.
On Friday ABC issued a statement confirming that chief executive Eddy Groves had sold nearly his entire stake in the world's biggest childcare company. He has sold 12,165,301 ordinary shares and retains just 3,186. His wife Le Neve Groves has sold all her shares. A month ago the couple owned 8 per cent of the business. The plan to...
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