Advising on sale: The House Nurseries to ICP Nurseries

8 Feb, 2018

Our Kent Corporate Finance team has overseen the sale of leading nursery group, ‘The House Nurseries’, to ‘ICP Nurseries’, a newly-formed nursery company.

The transaction was led from the national audit, tax and advisory firm’s Maidstone office by partner Geert Struyven and assistant manager Alexandra Howard. Additional sale-side tax structuring advice was also provided by Tax Partner, Simon Warne, to the vendor to help complete the deal.

The House Nurseries, comprising Northcote House Nurseries in Battersea and Little House, Wimbledon, are located in South-West London. Both nurseries provide childcare services for children ranging from nine months to four years and have a great reputation with strong links to prestigious local state and preparatory schools.

ICP Nurseries meanwhile was established in 2016 to create a portfolio of nursery businesses in London and the South East. ICP is headed by CEO Tracey Storey, who has more than 20 years of experience in the childcare industry.

I originally was introduced to Crowe by my Solicitor to advise on a group restructuring. After successfully re-structuring and preparing the business for sale, Crowe took it to market. They handled the sale with great skill and we achieved an excellent result. The sale will ensure both nurseries will continue to receive the investment into their facilities, providing a fantastic experience for all of the children.”
— Laura Digby-Bell, The House Nurseries
At Crowe we work with a wide variety of clients, many of which are family-run businesses. Helping to develop these businesses, through various funding cycles and from inception to exit is something that we specialise in, so it is very pleasing we have been able to achieve the result that Laura wanted through the sale. A transaction such as ‘The House Nurseries’ can often be a complex process, so it is testament to the team that we were able to offer a wide range of services which led to completion.”
— Geert Struyven, Corporate Finance Partner and Head of Valuation Services
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