AMBERGLOBE SELL GROUP OF 2 NURSERIES IN NEWCASTLE

Amberglobe have recently completed on the sale of Choice Childcare Ltd which was the combination of 2 high profile childcare settings. With a combined annual fee income in excess of £1,000,000 these setting were run with a strong management team in place. Both of the settings were leasehold and were sold off an asking price of £600,000 to a new entrant to the market place.

Amberglobe sells Petit Enfant Group of Day Nurseries in Oxfordshire

Amberglobe are pleased to announce that they have recently completed on the sale of the Petit Enfants Group of Day Nurseries which were based in Oxfordshire, Northamptonshire and Gloucestershire.

The group had a combined growing annual fee income of £1.9m and offered in total 387 registered places. This sale forms part of an initial relationship with both owners of the business, where several years ago we were able to introduce an investor into the business who then helped fund the acquisition of further day nurseries which has then culminated in this recent sale to the COOP childcare division.

The sale of the group had an asking price of £1.25m on a leasehold basis for the sale of the limited company on a cash free debt free basis. http://www.amberglobe.co.uk/basic_details.aspx?ref=2499