London, 31 October 2013: GE Capital, a leading alternative finance provider to the mid-market, has been appointed as Agent and a Mandated Lead Arranger to provide senior debt facilities supporting the acquisition of Busy Bees by Teachers' Private Capital and Busy Bees management.
As part of the package, an additional debt facility has been put in place to support the business' future acquisition strategy and new site rollout plans, to help drive its future growth.
Founded in 1983, by John Woodward (CEO) and Marg Randles (MD), Busy Bees is the largest premium childcare platform in the UK, operating across a network of 212 nurseries and providing day care services to c.30,500 children under five.
Dan Matthews, Executive Director of GE Capital, said: "Busy Bees has an impressive track record of organic and acquisitive growth and is well placed to lead the professionalisation of the childcare market. We are delighted to support both the management team and Teachers' Private Capital team through the next phase of the business' development."
GE Capital is one of Europe's leading arrangers of leveraged finance for mid-market, private equity backed transactions, with a leveraged loan portfolio in excess of €6bn across over 170 companies.
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Tom Steiner
GE Capital EMEA
[email protected]
+44-(0)-208-185-2494