NORTH East Nurseries Limited has been sold to Kids Planet Day Nurseries for a significant sum (on 7 July 2022).
The acquisition sees North East Nurseries five nurseries – Ashbrooke Day Nursery in Sunderland, Kenton Park Nursery in Gosforth, Southfield Day Nursery in Cramlington, Wallsend Day Nursery and Westerhope Village Nursery join the Kids Planet family.
The deal completed exactly eight years to the day that North East Nurseries former owner Ajeet Chadda and his wife Kanchan acquired their first two nurseries in Westerhope and Gosforth on 7 July 2014. Since then, Ajeet and Kanchan have steadily grown their business into a successful group of children’s nurseries, known as Choice Childcare Limited in five different locations across the region.
North East Nurseries former owner Ajeet Chadda said: “Running and growing Choice Childcare has been a huge part of our lives and it was never going to be an easy decision to hand over the reins. However, from meeting the Kids Planet team, we knew they were the right people to take the business forward. We wish them every success in building their North East presence.”
The deal, which was competed in a record time of 8-weeks from initial offer to completion was led by Jabad Jaigirdar from JLF Law who was lead legal advisor on the disposal and Michael Moran director at Robson Laidler Accountants who provided corporate finance and due diligence support.
Ajeet Chadda continued: “After our first meeting with Kids Planet, we were surprised at how quickly things moved from there, and the deal was completed in record time. We can’t thank Jabad from JLF and Michael from Robson Laidler enough for helping us every step of the way.”
Robson Laidler director Michael Moran said: “We originally helped Ajeet and Kanchan acquire their first two nurseries eight years ago, so it has been a pleasure seeing them to the end of their journey and selling their business for a healthy sum.”
JLF senior partner Jabad Jaigirdar said: “We were very pleased to advise on this important business sale. I am delighted that the transaction completed at a very high speed highlighting the depth and experience of the JLF corporate team and the close collaboration between all parties involved.”
Kids Planet CEO Clare Roberts said: “We are extremely excited about the acquisition of Choice Childcare, which has an established presence in the North East early years sector. Our number one priority is to offer the highest quality of care and education. We look forward to building on the legacy of the founders by continuing to create environments in which children can develop and thrive.”