The acquisition makes JiaYi Education the first Chinese investor to buy a nursery group in this country.
Established in 1998 by William and Alison Lane, Bambinos Day Nursery operates four settings with a total of 280 childcare places and employs 85 staff.
Mr and Mrs Lane said they had make the decision to sell the business so that they could retire.
JiaYi Education is a Chinese listed company which publishes teaching material, carries out research and offers tutoring. It is particularly concerned with maths education.
The multi-million pound purchase of Bambinos Day Nursery is the company’s first venture into the early years sector.
The former owners’ daughter Jemma Honey will continue her role at the nursery group and work with Jiayi Education, who have expressed interest in purchasing more early years settings in this country in the future.
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