M&A Deal Summary

Fremman Capital, BGF and Souter Investments Limited Acquire Kids Planet

On November 12, 2021, private equity firm Fremman Capital, growth capital firm BGF and family office Souter Investments Limited acquired education company Kids Planet from BGF

Acquisition Highlights
  • This is Fremman Capital’s 1st, BGF’s 4th and Souter Investments Limited’s 1st transaction in the Education sector.
  • This is Fremman Capital’s 1st, BGF’s 273rd and Souter Investments Limited’s 29th transaction in the United Kingdom.

M&A Deal Summary

Date 2021-11-12
Target Kids Planet
Sector Education
Buyer(s) Fremman Capital
BGF
Souter Investments Limited
Sellers(s) BGF
Deal Type Secondary Buyout

Target

Kids Planet

Cheshire, United Kingdom
Kids Planet is a family entertainment center that provides nursery care and education to children through a network of UK sites. The nurseries all have the same look and feel - with a welcoming environment, attention to detail, and first-class support for parents and families. Kids Planet was established in 2008 and is based in Cheshire, United Kingdom.

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Buyer(S) 3

DESCRIPTION

Fremman Capital is a private equity firm focused on partnering with management teams in successful companies throughout Europe. The Firm invests in a variety of industries including business and tech services, healthcare, consumer products and services, and industrials. Fremman will consider a variety of investment situaitons including typically capital for growth as well as consolidation opportunities. Fremman Capital was established in 2020 and is based in London, England.


DEAL STATS #
Overall 4 of 8
Sector: Education M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 4
Country: United Kingdom M&A 1 of 2
Year: 2021 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-20 Palex

Barcelona, Spain

Palex is a distributor of sanitary equipment and advanced hospital solutions. It has a wide portfolio of specific hospital equipment and equipment for more than 40 medical specialties, from fungible material to sophisticated diagnostic, treatment, and laboratory equipment. Palex was founded in 1955 and is based in Barcelona, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-09 Medinet

West Midlands, United Kingdom

Medinet is a provider of insourcing services, working alongside NHS organizations throughout the UK to guarantee that waiting time targets are achieved. Medinet reduces waiting times by creating additional capacity to see outpatients, provide diagnostic services, and treat day-cases and inpatients requiring surgery. All of Medinet's Consultants hold substantive NHS positions. Medinet was founded in 2004 and is based in West Midlands, United Kingdom.

Buy -
Buyer

BGF

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.


DEAL STATS #
Overall 290 of 370
Sector: Education M&A 4 of 5
Type: Secondary Buyout M&A Deals 4 of 8
Country: United Kingdom M&A 273 of 345
Year: 2021 M&A 40 of 43
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 Tigers Childcare

Dublin, Ireland

Tigers Childcare provides quality early education and care for children age 4 months to 13 years. Tigers Childcare was founded in 2003 and is based in Dublin, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-17 Kick ICT

Bellshill, United Kingdom

Kick ICT provides a range of IT services, focusing on financial systems, data analytics, technical and cyber services, and communications solutions as well as ongoing managed services and support across its range of service offerings. Kick ICT was formed in 2015 and is based in Bellshill, United Kingdom.

Buy -
DESCRIPTION

Souter Investments is a family office focused on private equity investing throughout the UK. The Firm looks to commit £2 to £30 million to support a variety of transaction situations including buyouts, growth capital financings, corporate divestitures, and balance sheet restructurings. Broad areas of interest include transportation, luxury goods, financial services, healthcare, and business services. Souter Investments was established in 2008 and is based in Edinburgh, Scotland.


DEAL STATS #
Overall 33 of 48
Sector: Education M&A 1 of 2
Type: Secondary Buyout M&A Deals 5 of 9
Country: United Kingdom M&A 29 of 42
Year: 2021 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-06 Broadway

Liverpool, United Kingdom

Broadway serves the connectivity needs of rural communities across the UK by deploying the pioneering TV WhiteSpace technology. The company has developed network coverage across large swathes of monmouthshire in Wales, and in ayrshire, perth & kinross, inverness-shire, and stirlingshire in Scotland. With an initial fixed wireless focus, broadway has incorporated full fibre into its technology toolkit, allowing it to offer the most appropriate technology wherever it goes. Broadway was founded in 2016 and is based in Liverpool, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-23 Ashtead Technology

Westhill, United Kingdom

Ashtead Technology is a provider of subsea equipment and services to the offshore oil and gas industry with a strong customer base built on trust and quality. With offices in the UK, Houston, and Singapore, Ashtead is focused on delivering cost savings and value-added services to its customers. Ashtead Technology was founded in 1985 and is based in Westhill, United Kingdom.

Sell -

Seller(S) 1

SELLER

BGF

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.


DEAL STATS #
Overall 68 of 131
Sector: Education M&A 1 of 1
Type: Secondary Buyout M&A Deals 20 of 32
Country: United Kingdom M&A 65 of 125
Year: 2021 M&A 22 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 Tigers Childcare

Dublin, Ireland

Tigers Childcare provides quality early education and care for children age 4 months to 13 years. Tigers Childcare was founded in 2003 and is based in Dublin, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-17 Kick ICT

Bellshill, United Kingdom

Kick ICT provides a range of IT services, focusing on financial systems, data analytics, technical and cyber services, and communications solutions as well as ongoing managed services and support across its range of service offerings. Kick ICT was formed in 2015 and is based in Bellshill, United Kingdom.

Buy -