A former care home operator has acquired a Grantham day nursery in order to expand into the childcare sector.
Bright Stars buys two Norwich nurseries
Bright Stars Nursery Group has bought a pair of day nurseries in Norwich trading as CleverClogs Nursery Group, bringing its portfolio up to 120 settings.
The CleverClogs nurseries, located in Cringleford and New Costessey in Norwich, have a combined effective operating capacity for around 146 children and a growing annual fee income of around £2 million.
The settings were opened by Liz Robertson and Kristin Baker in 2001 and 2012 and were sold following a confidential sales process with Nick Brown, director and head of brokerage – childcare and education at specialist business property adviser Christie & Co.
Stephen Booty, chairman at Bright Stars, said: “We are truly thrilled to welcome CleverClogs Nursery Group as part of our Bright Stars family. Their unwavering dedication to fostering a nurturing environment for children resonates deeply with our objective. Together, we will continue to cultivate a vibrant community where every child can flourish and thrive.”
Brown said: “It has been a pleasure working with Liz and Kirstin who have built two impressive nurseries. From taking their initial call and offering some advice on their potential next steps to exit, they instructed us to market both settings confidentially. We created interest from a number of active high-profile buyers and are delighted that the nurseries have been acquired by Bright Stars. I would like to wish Liz and Kristin all the best for the future.”
CleverClogs Nursery Group was sold for an undisclosed price
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