Foresight invests in Mulberry Bush Nursery Group to support growth across the North of England
Foresight, a private equity and real assets investment manager completed an investment in Mulberry Bush Nursery Group, a high-quality nursery operator providing early years education and childcare across Greater Manchester.
The Group operates five nursery settings across North Manchester, providing 460 registered childcare places. Mulberry Bush is sector leading in terms of its commitment to high-quality care, having won multiple industry awards and has built an outstanding reputation for excellence in early years education for the last 36 years.
The investment provides a succession solution for the existing shareholders while enabling the next phase of growth for the business. Foresight’s investment will support Mulberry Bush’s ambitious growth plans through a combination of organic development and strategic acquisitions across the North of England. Alongside the initial investment, Foresight has committed significant capital and expects to provide additional follow-on funding to support the Group’s acquisitive growth strategy as it seeks to build a leading regional nursery platform. The Group is well positioned to benefit from continued demand for high-quality childcare provision whilst expanding its reach into additional communities and creating new employment opportunities across the region.
PMSI provided CDD to support the transaction. Our work addressed key investment themes including: an assessment of Mulberry Bush’s market positioning and competitive landscape; analysis of the size, growth and demand drivers of the North West nursery market, including the funded childcare entitlement expansion; and a review of the regulatory and funding landscape, alongside the opportunity for further consolidation in a fragmented market.
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