South Africa's Westbrooke acquires pref equity in UK day nursery firm

Westbrooke Alternative Asset Management UK, the British arm of the South African company, has taken a preferred equity investment in Toots Day Nursery Investments, a platform for a buy-and-build strategy in the UK children's nurseries sector.

The investment is in partnership with educational specialists Tracey Storey and Ed David, and is Westbrooke's second transaction backing them having invested and later cashed out with ICP Nurseries.

James Stirling, head of Westbrooke's Hybrid Capital strategy in the UK, said: ‘We are thrilled to be working with Ed and Tracey again to support their latest buy-and-build strategy.’




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