Downing acquires Katey’s Nursery and Pre-School

Investment manager Downing is pleased to announce the acquisition of Katey’s Nursery and Pre-School, an early years education provider with five nurseries in South-West London.

Downing has recently formed Chalk Nursery Group and appointed Sinead Johnson as CEO. Sinead has significant experience in the early years sector, having held senior positions with several leading childcare groups.

Katey’s will act as the cornerstone investment of the new group, with a vision to provide a high quality, caring, family orientated environment, whilst focusing on delivering the best outcomes for every child. Downing will continue to seek out other businesses operating in a similar capacity to Katey’s, which are well-run and provide the highest standards of care and education.

The early years education sector has huge societal and economic importance, as recognised by the government’s recent increase in funding provision. This aligns perfectly with Downing’s approach to investing in businesses where it is creating a positive social or environmental impact.

The deal was led by Jon Simon, Hannah Kenny and Elisabeth Harnden at Downing.

Jon Simon, Investment Director, Downing, said: “We are delighted to be working with Sinead and proud to be building a business where we are supporting children in their formative years. Downing has a longstanding and successful track record of backing high calibre management teams to create and grow leading platforms across healthcare and education.”

Sinead Johnson, CEO of Chalk Nursery Group, said: “I am proud to have joined Chalk Nursery Group, and to have made our first acquisition. Katey’s Nursery and Pre-School embodies our vison of high-quality care and education, delivering the very best outcomes for children. It’s a privilege to have this excellent group of nurseries as the cornerstone of our business. The early years sector is well placed to thrive with continuing cross-party support and recognition of its educational and social benefits for children. I’m excited to be working with Downing to provide additional nursery places for more children as we grow the group.”

Downing was advised by Shoosmiths (legal), Cooper Parry (financial and tax), Gerald Eve (valuation services) and MTM (market analysis). The sell-side process was led by Christie & Co.

Downing’s award-winning Development Capital team partners with exceptional management teams to help realise their growth ambitions and maximise the potential of their business by providing flexible funding solutions, strategic support, and access to its networks.

Typically, Downing makes initial investments of between £5 million and £50 million and focuses on sectors including healthcare, education, housing, and other specialist sectors.

Find out more about the Downing Development Capital team