Just Learning, which owns and manages 68 nurseries, said the 'acquisition chest' would ensure it continued to be a key player in a rapidly changing market.
Jonathan Bell, managing director of Just Learning, said the investment bank Ares Capital Europe had taken on the nursery chain's debt and agreed to lend the group £10m to fund expansion, which he said would be sufficient to buy a small nursery chain.
In addition, the company's largest investor, the Alchemy Investment Plan, has said it will inject more capital if the right deal emerges from the current sector-wide consolidation, enabling Just Learning to buy medium-sized companies.
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