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Restructure of Happy Times - provider of high quality childcare in London
Andrew Barnsley, Managing Partner of Adam Street Advisers, acted for HTC Healthcare Group (“Happy Times”) on the disposal of the Richmond nursery to Casterbridge Care and Education.
Founded in 1997 by Adam Shaw and Elizabeth Cullen and backed by SPARK (formerly Quester) and Acuity Capital, Happy Times has grown to become the provider of high quality childcare in London, with a growing reputation throughout the UK as a leader in its field. Prior to the sale, Happy Times operated four nurseries in Battersea, Hammersmith, Richmond and Fulham. The company concentrates exclusively on operating nurseries with over 100 places.
Andrew Barnsley also advised Happy Times on the £3.75 million sale-and leaseback transaction of the Fulham freehold in May 2007.
Managing Director of Happy Times, Adam Shaw said of Andrew and his team “This is the third transaction that they have advised us on. On each occasion we have been very impressed with their understanding of the education sector”.
Andrew said “We are pleased to provide Happy Times with the opportunity to continue operating with its unique brand and state-of-the-art facilities”.