The chain, which currently owns 16 nurseries across Devon and Cornwall, plans to use the investment from ISIS Equity Partners to open a further six settings in the South West over the next two years.
The investment is the second large sum secured by the chain from ISIS, following the £1.2 million funding received in April 2012 which allowed Happy Days to open a new nursery in Peninsular Business Park in Exeter, expand its Treloweth site and relocate its Summercourt and Plymouth nurseries.
Happy Days provides 1,000 nursery places, employing 400 staff. The company, whose head office is in Summercourt, near Truro, turned over around £5 million last year.
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