Established day nursery group in Norwich sold to Bright Stars
Specialist business property adviser, Christie & Co, has announced the sale of a pair of day nurseries in Norwich trading as CleverClogs Nursery Group.
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Image: CleverClogs day nursery in New Costessey
These two CleverClogs day nursery settings – located in Cringleford and New Costessey in Norwich -have a combined effective operating capacity for circa 146 children and a growing annual fee income of circa £2 million. They were opened by Liz Robertson and Kristin Baker in 2001 and 2012 respectively.
Following a confidential sales process with Nick Brown at Christie & Co, the nurseries have been sold to Bright Stars which now owns 120 settings across the UK.
Liz Robertson and Kristin Baker, former owners of CleverClogs Nursery Group, comment, “We are both delighted that the nurseries have become part of the Bright Stars group and are sure that they will continue to provide excellent childcare for the local community.”
Stephen Booty, Chairman at Bright Stars, comments, “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.”
Nick Brown, Director & Head of Brokerage – Childcare & Education at Christie & Co, comments, “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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For further information on this press release, contact:
Phoebe Hill, Associate Director – Corporate Communications
P: 07540 063 598 or E: phoebe.hill@christie.com
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