Springboard is delighted to announce that it has advised the institutional and management shareholders of Happy Days Nurseries and Pre-schools on its new strategic investment from Zetland Capital.
Happy Days is an operator of 18 nurseries, with plans to grow to over 50 settings. The business was established over 30 years ago in Cornwall and has since expanded across South West England. All of its nurseries have been rated “Good” or “Outstanding” by Ofsted.
About the deal
Happy Days received a significant strategic investment by Zetland Capital, a London based private equity firm. The group plans to grow further across the South West and beyond through a mixture of organic new site openings and acquisitions.
How we made a difference
- Introduced several strategic investors and ran a competitive process to ensure best value;
- Negotiated the structure and terms of the investment to deliver an optimal solution for all stakeholders; and
- Project managed and supported the business through the due diligence and legal phases to successful conclusion.
Happy Days was supported by a team at Springboard. Partner Robert Johnson commented – “We are delighted to have advised Happy Days to support the next stage in its exciting growth. This deal demonstrates our ability to access the right strategic partners for growth opportunities and to deliver solutions that work for all stakeholders.”
Mark Beadle Executive Chairman, Happy Days
We highly valued Springboard’s strategic and pragmatic advice that has enabled us to partner with an investor that shares our vision for the future. Springboard worked tirelessly to deliver the best solution for all stakeholders and without their expert guidance this transaction would not have been possible. We look forward to working with them again in the future.