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Just Learning promised acquisition chest of £10m
By Catherine Gaunt,
Nursery World,
30 April 2008
One of the UK's largest nursery groups is set to expand in a deal worth £10m.
Just Learning, which owns and manages 68 nurseries, said the 'acquisition chest' would ensure it continued to be a key player in a rapidly changing market. Jonathan Bell, managing director of Just Learning, said the investment bank Ares Capital Europe had taken on the nursery chain's debt and agreed to lend the group £10m to fund expansion, which he said would be sufficient to buy a small nursery chain. In addition, the company's largest investor, the Alchemy Investment Plan, has said it will inject...
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