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06 August 2019 | Childcare & Education

Christie & Co sell two Cheshire day nurseries to expanding regional nursery group

Specialist property adviser, Christie & Co has completed on the sale of Rainbow Day Nurseries, a group of two children’s day nurseries and three out of school clubs serving the Cheshire communities of Middlewich and Haslington and providing childcare provision for 263 children.

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Rainbow Day Nurseries has been owned and operated by Paul and Alison Sumner since 2005, when the couple purchased their first setting in Middlewich. They went on to acquire the second setting in Haslington in 2016, and subsequently decided to seek a sale in order to pursue other interests. 

Mrs. Sumner comments, “Selling our business was a big decision, and we’d like to thank Sofia for her help throughout the process. The industry knowledge that Christie & Co provided at a time when we were indecisive about ‘now’ being the right time to sell was very much appreciated and accurate. We were impressed with their approach to confidentiality and would certainly recommend Christie & Co to any of our contacts.”

New owner of Rainbow Day Nurseries, Kids Planet was established by working mum Clare Roberts and her father John Hoban in 2008, and over the last decade has grown to become a leading early years provider in the North West. The addition of Rainbow Day Nurseries takes the group to 41 settings overall. 

Clare comments, “We’re extremely excited to bring Rainbow Day Nursery into the group. We would like to thank Alison and Paul for choosing us to take over the successful business they have built up over the years. We’re very much looking forward to working with their teams and providing them with the support they need to continue delivering the best possible care for children and parents in this area.”

Sofia Beck, Associate Director at Christie & Co who handled the sale comments, “This transaction demonstrates that settings offering a combination of quality childcare provision and strong financial performance are as attractive as ever to our pool of buyers. Paul and Alison were a real pleasure to work with and were clear from the offset on their aims and what they wanted to achieve from a sale. I believe that Kids Planet will be the right operators to maintain both the existing ethos and spirit of the nurseries and to continue to build the business.”

Helen Wong (Partner) and Sarah Bennett at Clarke Willmott Solicitors in Manchester acted on behalf of Alison & Paul Sumner.