CHRISTIE GROUP PLC — M&A Activity 2020

Jan 28, 2020

National Storage Mechanism | Additional information

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RNS Number : 1819B

Christie Group PLC

28 January 2020

28 January 2020

Christie Group plc

("Christie Group" or the "Company")

Christie & Co Brokers Sale of Nursery Group

Christie Group plc (CTG.L), the leading provider of Professional & Financial Services and Stock & Inventory Systems & Services to the hospitality, leisure, healthcare, medical, childcare & education and retail sectors, is pleased to announce that Christie & Co, its specialist provider of agency and advisory services, has completed the sale of Kids Allowed, a market leading nursery group, to Kids Planet, for an undisclosed sum.

Christie & Co's specialist childcare team were engaged to explore options and facilitate a highly confidential sale of the group, containing a number of award winning nurseries located within the North West of England.

Founded in 2003 by Jennie Johnson MBE, the Kids Allowed group had grown organically to encompass eight state-of-the-art, purpose-built settings, providing childcare to approximately 2,000 children. The eight day nurseries were sold on a leasehold basis, in an off-market transaction, to Kids Planet, an expanding group operator with more than 44 nurseries across the North West and Midlands.

Courteney Donaldson, Managing Director - Child Centric Sectors at Christie & Co, comments: "I first met Jennie back in the early 2000's, when I was invited to lend my expertise to undertake an independent review of the Kids Allowed original business plan. Over the intervening years it has been wonderful to watch the business grow and flourish. Having been invited to facilitate the sale, it has been an absolute joy to support Jennie through the entire lifecycle of her business, from conception, to exit".

Enquiries:

Christie Group plc

Courteney Donaldson

Christie & Co Managing Director - Child Centric Sectors                                                  0161 833 6924

David Rugg

Chairman & Chief Executive                                                                                                  020 7227 0707

Dan Prickett

Chief Operating Officer                                                                                                           020 7227 0700

Shore Capital

Antonio Bossi/Sarah Mather

Nominated Adviser and Broker                                                                                             020 7408 4090

Notes to Editors:

Christie Group plc, quoted on AIM, is a leading professional business services group with 43 offices across the UK, Europe and Canada, catering to its specialist markets in the hospitality, leisure, healthcare, medical, childcare & education and retail sectors.

Christie Group operates in two complementary business divisions: Professional & Financial Services (PFS) and Stock & Inventory Systems & Services (SISS). These divisions trade under the brand names: PFS - Christie & Co, Pinders, Christie Finance and Christie Insurance: SISS - Orridge, Venners and Vennersys.

Tracing its origins back to 1846, the Group has a long-established reputation for offering essential services to client companies in agency, valuation services, investment, consultancy, project management, multi-functional trading systems and online ticketing services, stock audit and inventory management. The diversity of these services provides a natural balance to the Group's core agency business.

For more information, please go to www.christiegroup.com.

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