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Lloyds funds Kidsunlimited MBO
By Simon Vevers,
Nursery World,
16 April 2008
Kidsunlimited will step up its plans to open new nurseries after its senior management gained a controlling stake in the chain and secured significant backing from private equity firm Lloyds TSB Development Capital, chief executive Lee Pearson said last week.
He said the company had 'ambitious plans' to open between six and nine new nurseries a year, continuing the organic growth which has seen 30 facilities over the last five years - most of them new-build, including some linked to workplaces, business parks or located on popular commuter routes. LDC has become a 'significant minority shareholder' after investing an undisclosed...
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