!['Buyers are identifying hidden gems'.](/media/5fljnzpg/arun-kanwar-cut.jpg?width=1002&height=668&bgcolor=White&v=1da612f87844240)
We are now firmly entering a period of global economic challenge, with supply chains continuing to be constrained, staffing challenges at all levels, energy insecurity, inflation, the Ukraine war and a worsening economic outlook. Debt is becoming more difficult, which is in turn slowing down mergers and acquisitions activity.
Yet against this backdrop, ‘small group’ acquisitions in the nursery market in the UK have remained extremely buoyant and 2022 prices for sellers have been holding up at the incredible 2021 levels. In the past few weeks, we have seen material acquisitions by Bright Stars (previously ICP), Family First and Kids Planet, among others.
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