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.

Neil Greatorex, Managing Director said: “We’ve enjoyed the process and feel that the deal works well for all parties. We feel confident about future growth and development under this structure, it offers opportunities for key staff and at a personal level feels both right and timely. The BCF team have shown rigour and discipline but have been personable and reasonable throughout. At a board level I expect the investors to add significant value.”

The Bishopsgate Corporate Finance team was led by James McBain Allan.

James McBain Allan, Director said: “I enjoyed working with Neil and the Management Team and they must be congratulated on building an exceptional business. This deal again emphasises the quality of businesses we have here in the East Midlands and I look forward to witnessing the continued growth of Barracudas over the coming years.”

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), Thomas Quinn (vendor tax) and Browne Jacobson (investor legals). AIB GB legal advice was provided by Shakespeare Martineau and Mazars provided Financial Due Diligence to the investors.          

 Bishopsgate Corporate Finance is one of the UK’s longest established corporate finance boutiques focused on providing lead advisory services to businesses valued between £2m and £50m. Founded in 1996, Bishopsgate has since advised on over 200 transactions with a total value in excess of £1.5 billion. Our clients include owner managed businesses, private equity backed companies and fully listed PLCs