OakNorth Bank has provided capital to Strawberry Fields Nursery and Preschool to pursue a buy and build strategy to bring more nurseries with swimming academies to market.
Strawberry Fields is a newly developed purpose-built full-day nursery in Chorley, Lancashire, with capacity for 110 children, a café, and a swimming academy, which differentiates it from other nurseries in the area.
The nursery is part of RedRose Leisure Group, which has Planet Kaos nursery in Blackpool and PK Kids nursery in Eccleston in its portfolio.
Simon Redwood, director of RedRose Leisure Group, said: “Our aim with Strawberry Fields is to create a leading independent nursery business where kids can learn in the classroom and the pool. Learning to swim doesn’t only provide numerous physical health benefits, but also has significant mental health benefits as well, as the earlier a child starts swim lessons, the more self-confident they become.”
OakNorth Bank was advised on the transaction by law firm Lawrence Stephens.
Date published: 15 March 2022