Eight-figure investment for growing nursery business Just Childcare

Nursery operator Just Childcare has secured an eight-figure investment as it continues to strengthen its offer in the North West and Yorkshire.

The Manchester-headquartered company will use the funding, provided by Allied Irish Bank (GB), to support the rollout of a project to enhance the facilities at many of its nurseries across the North.

Just Childcare, which currently operates 35 sites, will also use the investment to unlock growth through potential acquisitions and job creation.

David Johnson, director and co-founder of Just Childcare, said: “We know how important is for families to feel that their children are being cared for in a safe and positive environment, under the supervision of experienced staff.

“This is the ethos of our company and we remain committed to providing the very highest standards of care and facilities. The funding provided by Allied Irish Bank (GB) is being used to complete the refurbishment of some of our nurseries and enhance even further the facilities that we offer, some of which include sensory rooms and Forest Schools.”

He added: “I have worked with Allied Irish Bank (GB) for over 13 years, they are a long-standing supporter of Just Childcare and funded our set up in 2004.”

Established in 2004 by directors David and Jacqueline Johnson, who hold between them 65 years’ experience in childcare and education, the company secured backing in 2014 from investment firm Phoenix Private Equity.

The deal saw the launch of a buy-and-build strategy that enabled Just Childcare to grow from seven nurseries to 35, with a workforce of 570 staff.

Mike Rogers, senior relationship manager with Allied Irish Bank (GB), commented: “Just Childcare has built up an enviable reputation and we are very pleased to continue our support of their business.

“This is an exciting stage of their development as they look to enhance their current nurseries and also embark on a potential acquisition trail to grow the business further.”

Manchester law firm Kuits acted on behalf of Allied Irish Bank (GB) on the transaction. Just Childcare was represented by Gateley.

A portfolio valuation and sector insight was provided by property advisor Christie & Co.