Christie Group PLC Sale- Bush Babies Nurseries to Busy Bees Childcare

TIDMCTG

Christie Group PLC

09 May 2016

9 May 2016

Christie Group plc

("Christie Group" or the "Group")

Christie & Co successfully brokers sale of nursery group to Busy Bees Childcare

Christie Group plc ('Christie' or the 'Group'), the leading provider of Professional Business Services and Stock & Inventory Systems & Services to the leisure, retail and care markets, is pleased to announced that Christie & Co, its specialist provider of agency and advisory services, has successfully advised and brokered the sale of Bush Babies Children's Nurseries Ltd to Busy Bees Childcare, one of the country's leading childcare operators.

The highly regarded nursery group comprises seven impressive settings with an effective operating capacity for in excess of 435 children, all located across Leicestershire.

The sale further demonstrates Christie & Co's increasing presence in the sector. With the largest dedicated team of childcare business property agents in Europe, it has advised on nursery assets with a value of GBP733.6m in the last 12 months.

Nick Brown, Associate Director at Christie & Co, commented, "We were delighted to work with Jane Brailsford at Bush Babies Children's Nurseries to assist with her plans to sell her renowned and established nursery group. Following a successful process of offering this opportunity to a target list of buyers we are delighted to report that multiple bids were secured just five weeks after initial marketing commenced. Following this, a deal was agreed with Busy Bees Childcare."

Jane Brailsford, former Managing Director Bush Babies Children's Nurseries Ltd added, "It was not an easy decision to sell my business, as this was a huge personal achievement, but working with Christie & Co has made the transition easier. Their support and knowledge in this sector is second to none, and they have been there every step of the way, from the initial decision to sell, to the day of the handover.

Enquiries:

 
 Christie Group plc 
 David Rugg                     020 7227 0707 
 Chief Executive 
 
 Dan Prickett                   020 7227 0700 
 Chief Financial Officer 
 
 Panmure Gordon (UK) Limited 
 Dominic Morley / Charles 
  Leigh-Pemberton 
  Nominated Adviser and 
  Broker                        020 7886 2906

Notes to Editors:

Christie Group plc, quoted on AIM, is a leading professional business services group with 46 offices across the UK, Europe and Canada, catering to its specialist markets in the leisure, retail and care sectors.

Christie Group operates in two complementary business divisions: Professional Business Services (PBS) and Stock & Inventory Systems & Services (SISS). These divisions trade under the brand names: PBS - Christie + Co, Pinders, Christie Finance and Christie Insurance: SISS - Orridge, Venners and Vennersys.

Tracing its origins back to 1846, the Group has a long established reputation for offering essential services to client companies in agency, valuation services, investment, consultancy, project management, multi-functional trading systems and online ticketing services, stock audit and inventory management. The diversity of these services provides a natural balance to the Group's core agency business.

For more information, please go to www.christiegroup.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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