Nursery World - Busy Bees gains major shareholder

Busy Bees has announced a new business partnership with Singapore-based company Temasek, in what is thought to be the biggest nursery investment deal of the year.

Temasek will acquire a strategic minority stake in the UK’s largest nursery group from majority shareholder Ontario Teachers’ Pension Plan.

The Canadian company, which manages the pensions of more than 300,000 Canadian teachers, invested in Busy Bees Nurseries in 2013 and will remain the majority shareholder after the transaction is completed, which is expected before the end of 2017.

Financial details of the transaction remain undisclosed.

State-owned holding company Temasek owns and manages a portfolio worth £158 billion as at 31 March 2017, covering areas including financial services, telecommunications, media and technology, transportation, energy and resources.

Busy Bees operates 345 nurseries throughout England, Scotland and Wales, catering for more than 35,000 children and employing and training more than 8,000 staff.

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