Novistra Capital advises Maggie & Rose Ltd on the sale of its nursery business to Grandir Group
London, August 2022
Novistra Capital, a London and New York based boutique M&A advisory firm, announced that Maggie & Rose Ltd (M&R), a family members’ club and pre-school chain, has completed the sale of its London nurseries to Grandir Group.
M&R operates three nurseries in Kensington, Chiswick and Islington in the London area where the group has a combined capacity of over 180 children. Opened in 2006, M&R nurseries create memorable learning experiences through play for families in the local area.
Headquartered in France, Grandir Group is a leading provider of high-quality childcare and early years education across Europe and North America, operating over 1,000 centres with a dedicated team of 13,000 teachers and serving over 50,000 families.
The transaction is a testament of the continued interest from international groups in the UK early years sector and one which will see M&R nurseries join the Grandir portfolio in the UK which includes Kiddi Caru and Dicky Birds.
Former director of M&R nurseries, Wei Kwan, who continues to operate M&R Family Members’ Club, comments: “We are delighted to have a strong operator like Grandir take over Maggie and Rose nurseries and have no doubt the nurseries will scale new heights under the new ownership. Novistra Capital helped us right from the start and played a critical role in helping us think through all available strategic options and finally helping us find the right partner and executing the transaction.”
Vipul Bhargava, Education Partner at Novistra Capital comments “We are delighted to have advised Maggie & Rose on the sale of its nursery business to Grandir UK. Maggie & Rose were the pioneers in family centered clubs and nurseries and hence it was important to find a partner that understands the brand well and shares similar values. It has been a pleasure working with Wei, Maggie & Rose and the Grandir team and we wish them all the very best for the future.”