The acquisition brings the total number of nurseries owned by Bright Horizons to 214, offering more than 17,000 places. It is the first major acquisition for the chain’s managing director James Tugendhat, who was appointed in April.
Little Unicorn was founded by Kate Williamson in 1998 in Canary Wharf, a major business district of London where all of the four nurseries are now situated. Nick Brown, associate director at Christie & Co handled the sale and said, ‘At the time Kate started her business, Canary Wharf was a very different place to the thriving area which it is today, and the development of a fledgling childcare business at that time was perceived to be a potential risk, particularly as Kate was of a relatively young age.
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