Kids Planet secures £10m investment

Kids Planet secures £10m investment

Family-owned children’s nurseries group Kids Planet has secured a £10m investment to continue the roll-out its day care centres across the region.

The group is planning to open five new nurseries over the next two years creating 150 jobs and providing nursery care and education to an additional 550 children.

Founded in 2008 by chairman John Hoban and his daughter and chief executive Clare Roberts, Kids Planet now owns and manages 17 nurseries. John’s other daughter Lucy Kaczmarska joined in 2013 as director of early years. 

Kids Planet opened its first two nurseries in Warrington and Widnes. Since then, the business has grown organically and through the acquisition of eight nurseries - including Jeffrey’s Corner, Liverpool Nurseries and Yarrow House Nurseries - to become one of largest groups in the region.

Clare Roberts, Kids Planet CEO said: “Since starting Kids Planet in 2008 we have had a strong working relationship with our bank, Barclays, and we felt that this was the right time to bring additional capital to our balance sheet to help us accelerate our growth.

“As a family business, it was important that we found the right investment partner: one that would provide long-term support and funding without taking control.”

BGF’s investment will be used to support the fit-out of five freehold sites that have already been acquired by Kids Planet, and for the continued expansion of the group. 

Mark McMenemy, who has experience in site roll-outs spanning Mothercare, Monsoon and WHSmith, has been appointed as non-executive director following an introduction made by BGF.

 

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