The Sunday Times reported that Just Learning, the third largest nursery chain in the UK, which operates 71 nurseries with 6,256 places, has appointed the corporate finance arm of Deloitte to conduct an auction for its sale. Industry sources confirmed that the sale is estimated at 80m.
Michael Fallon, a Conservative MP who co-founded the chain in 1995, was unavailable for comment. But a spokesperson said, 'Senior management refuse to comment on the sale at this time. They are completely focused on the tragic accident at Cambourne' (see page 5).
Just Learning is likely to attract attention from key players in the nursery sector and private equity investors.
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