The group, which operates 29 settings across the country, has received an undisclosed sum of money from private equity investment group, Graphite Capital, in partnership with OakNorth bank.
The news follows Storal's acquisition of a new 123-place nursery, Alexandra Park Community Learning Centre in Manchester.
Storal’s chief executive, Sarah Mackenzie, said, ‘Last year we started a new chapter in our own story with the launch of our new brand, our first new openings after six years of acquisitive growth and the development of our education team and curriculum.
‘A year later, as we’re celebrating out 7th birthday, we’re excited to be starting another new chapter and welcoming investment from Graphite Capital. With Graphite’s support, both financial and through the wealth of experience and insight that they bring, we are more excited than ever to achieve our vision of becoming the nursery group that every family and educator wants to be part of.’
Stuart Blair, debt finance director at OakNorth, added, ‘The nursery sector is expected to grow by 10.7 per cent per annum between 2023-2027, and the Budget announcement earlier this year for extended free childcare support is only expected to increase demand further.
‘With Sarah at the helm and backing from an excellent sponsor in Graphite, Storal is in a prime position to take advantage of this.’
