The deal sees Kindred Nurseries grow to 23 settings, with further acquisitions planned this year. The group has sites in London, and the South East and South West of England.
ABC Rainbow Day Nurseries was founded in 1984 by Myra Argentieri. She opened the setting in Rayleigh Essex first before expanding to meet demand years later with a second site in Westcliff-on-Sea. Combined, the settings provide 125 childcare places.
Chief executive of Kindred Nurseries Ruth Pimentel said, ‘This fabulous group of nurseries will be a great match for the rest of our family. Myra’s passion was evident, and she was keen to know that the settings would continue to be looked after and further developed. We are excited to start a new phase, with ABC Rainbow Day Nursery Ltd being a key part of that development.’
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