Bishopsgate advise the UK’s leading child day camp specialist, Barracudas, on development capital investment
Barracudas is the UK’s largest operator of activity day camps providing the highest quality in care and enrichment for children aged between 4.5 years and 14 years old.
The business has grown significantly since the opening of its first camp over 25 years ago and now cares for over 30,000 children every year across 42 locations.
The investment will allow founder and Managing Director Neil Greatorex and the Management Team to accelerate growth through increasing national footprint giving more parents and children access to one of the UK’s leading childcare providers.
The Bishopsgate Corporate Finance team was led by James McBain Allan.
The Nottingham office of Allied Irish Bank (GB) (AIB (GB)) supported the transaction working alongside Bishopsgate CF and the Barracudas management team. Dale Cowdell, who led for AIB (GB) added, “We were delighted to support the transaction and, having reviewed the proposal and met the people behind it, we were quick to deliver full credit approval helping towards a timely completion. We look forward to seeing this business succeed and grow further in the years to come”.
Advisors included Bishopsgate Corporate Finance (vendor CF), Greenwoods (vendor legals) and Browne Jacobson (investor legals). AIB GB legal advice was provided by Shakespeare Martineau and Mazars provided Financial Due Diligence to the investors.