Christie Group brokers deal to sell nursery company

AIM-quoted Christie Group, a provider of business services and inventory systems to the leisure, retail and care industries, has said that its agency and advisory service has brokered the sale of a nursery business to a French firm, for an undisclosed fee.

Christie & Co brokered the sale of Magic Nurseries to Les Petits Chaperons Rouges, a private nursery chain, which was the first provider of employer-sponsored childcare in France.

LPCR’s acquisition of Magic Nurseries, which has 16 day nurseries across Leicestershire, Northamptonshire, Cambridgeshire and Hertfordshire, is its first foray in Britain as it currently serves about 12,500 children per day at more that 300 nurseries in France and Germany.

Christie & Co had worked with Magic Nurseries for over a decade to expand its portfolio, and the bursey company chose LPCR because of its “shared cultural values and commitment to delivering exceptional services to families and children in their care".