Busy Bees Childcare has acquired Positive Steps, which provides more than 600 childcare places in Surrey, Hertfordshire, Buckinghamshire, Berkshire and Kent.
It was reported earlier this year in Education Investor that the deal could be worth upwards of £25m.
It is the third nursery group that Busy Bees has acquired in less than a year, following the buyout of seven-strong Bush Babies in May and Kids 1st's 11 nurseries last December.
Busy Bees now operates 266 nurseries in England, Scotland and Wales.
Marg Randles, the group’s managing director, said, ‘We are delighted to welcome the Positive Steps group into the Busy Bees family. Every nursery in the portfolio is already providing exceptional outcomes for children and we are all really looking forward to working with the extremely talented teams in place.
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