The move has increased Nord Anglia's provision to 73 day nurseries, making it the second-largest nursery operator in the UK after Asquith Court, which has 117 settings. Leapfrog was the third-largest nursery chain in the UK in the winter 2003 edition of Nursery World's sister publication Nursery Chains, with 4,199 places, while Nord Anglia was eighth with 2,832 places.
Derek Mapp, Leapfrog's executive chairman, denied that the buy-out had been prompted by financial difficulties and said the rationale behind the move was to give both groups 'firepower' to acquire more nurseries. He added, 'Both of us realise the opportunity for the sector is through consolidation. It's an opportunity for us to establish a strong chain of nurseries instead of us bidding against each other.'
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