ICP Nurseries, which operates six nurseries in London and the South East, has secured the funding from OakNorth Bank, which provides business loans for entrepreneurs, and will use it to drive further acquisitions.
The group, which has expanded rapidly, bought six nurseries within a period of just five months last year.
It currently operates Little Muffins in Chiswick, The Old Barn in Banstead, Childcare4U Marlow and Beaconsfield, Little Monkeys in central Windsor (pictured), and Windsor Park, all of which are rated good or outstanding.
ICP Nurseries was established in 2016 by Tracey Storey, who has previously been a director at Leapfrog Day Nurseries and Happy Child. She co-owns the group with private equity firm Innervation Capital Partners.
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