Largest single nursery site in UK sold to an established care operator

Prior to her involvement in the Altius Group, Lucie Wright (nee Tagg) involved in selling the largest single unit nursery site in the UK, which has a registration in excess of 200 children. She acted on behalf of the vendor to bring the sale to a successful completion to a Care operator with 5 homes in the North of England

Lucie has also previously been involved with the valuation of the Busy Bees Nursery group of 137 sites across the UK, this included undertaking full inspection of the properties and working with the valuation team to put together a full report for the share holders

Lucie was further involved on the sale of Kids Unlimited to its management team in a secondary buyout backed by private equity firm LDC in 2008. As part of the transaction, LDC invested an undisclosed amount for a significant minority shareholding, providing funding for the brand’s continued expansion in key growth areas in the North West, Midlands and South East. The management team, led by Finance Director Lee Pearson, and Non Executive Chairman Graham Smith, has also increased their equity. The deal, supported by debt funding from Barclays Bank, provides a full exit for private equity firm ISIS EP LLP, which backed the business in 2001.