Busy Bees expands global portfolio with two acquisitions America and Italy
Busy Bees, a childcare provider in the UK, has announced its latest expansion plans, with two childcare group acquisitions taking the business into the US and Italian markets for the first time.
Busy Bees has taken its first step into the US market with the acquisition of Educational Playcare, a childcare provider which operates 19 centres in the state of Connecticut. Separately, Busy Bees has acquired bilingual childcare provider Doremi, providing Busy Bees with its first presence in the Italian market.
Educational Playcare, founded in 1986, provides care for up to 4,300 children and offers spaces from the age of six weeks to five years, as well as afterschool care for children up to the age of twelve. Busy Bees has acquired 100% of Educational Playcare from its former shareholders.
Founded in 1993, Doremi is a bilingual childcare provider that operates seven centres in and around Milan, Italy, and offers places for up to 359 children. The childcare group provides care for children between the ages of twelve weeks and six years old. Busy Bees has acquired 100 per cent of Doremi from its existing shareholders. The acquisition represents the centre group’s first landmark presence in continental Europe.
Following the acquisitions of Educational Playcare and Doremi, Busy Bees now cares for more than 55,000 children across 630 sites globally, including centres in the UK and Ireland, Singapore, Malaysia, Canada, Australia and now in the United States and Italy.
Simon Irons, Group CEO of Busy Bees said: “For over 35 years Busy Bees has provided outstanding care for children in local communities across the world. We are pleased to welcome Educational Playcare and Doremi to the Busy Bees family and, in doing so, supporting more children, families and staff than ever before. These latest acquisitions allow us to enter two new markets in the United States and Italy, strengthening our global portfolio and bringing further talent into the Busy Bees business.
“As part of due diligence, we conducted a thorough review and audit to ensure both child care groups were aligned to our own vision and values before finalising each acquisition. We are confident that the teams at both Educational Playcare and Doremi will enhance our international capabilities as a leading child care provider and help us to continue to provide the best possible start in life for the children under our care.”