Busy Bees has confirmed that its largest majority shareholder Knowledge Universe- the largest for-profit education and training company in the US, has sold its share to Teachers’ Private Capital, the investment arm of the Ontario Teachers’ Pensions Fund.
The Canadian pensions fund already owns UK-based Acorn Care and Education, a provider of foster care services and schools for children with learning disabilities.
Busy Bees currently operates 213 nurseries, providing 20,000 places for children aged between three months and five-years-old. The group employs 7,000 members of staff.
The nursery chain will continue to operate as normal, with no planned changes to the management team.
Nursery World reported in September that Busy Bees was in talks with Teachers’ Private Capital, who at the time were the preferred bidder over British private equity firm Lion Capital.
Register now to continue reading
Thank you for visiting Nursery World and making use of our archive of more than 35,000 expert features, subject guides, case studies and policy updates. Why not register today and enjoy the following great benefits:
What's included
-
Free access to 4 subscriber-only articles per month
-
Unlimited access to news and opinion
-
Email newsletter providing activity ideas, best practice and breaking news
Already have an account? Sign in here
