A Cornwall-based nursery and pre-school operator has announced a significant round of new investment as it looks towards further expansion.
Since first opening 30 years ago, Happy Days Nurseries has expanded to 18 locations across the south west.
The new investment, from London-based private equity firm Zetland Capital, will fund plans to build a business with over 50 nurseries. It’s committed to opening new sites in Salisbury, Yate and Taunton in 2023 with further opportunities in the pipeline.
Ahmed Hamdani, managing partner at Zetland, said: “We are excited to have made this investment into such a high-quality portfolio of nurseries. We are partnering with a highly experienced team, led by Kim and Mark, and will back them and their team with substantial investment to grow Happy Days into one of the leading nursery chains in the country.”
Happy Days’ executive chairman, Mark Beadle, added: “We are thrilled to be working with Zetland Capital with whom we have already developed a strong working relationship and whose values align to our own.
“After two challenging years, we are looking forward to growing our family of nurseries; creating new jobs, affordable quality childcare for families and building a company culture that values and rewards colleagues.”