<article><a href="http://www.busybeeschildcare.co.uk" target="_blank" rel="noopener">Busy Bees</a>, an international provider of premium quality child care, has secured a strategic investment from Singapore state investor <a href="http://dealstreetasia.com/tag/Temasek-Holdings" target="_blank" rel="noopener">Temasek Holdings</a>. The UK-headquartered firm plans to use the financing to support its expansion to Asia and globally.</article>

<a href="http://www.busybeeschildcare.co.uk" target="_blank" rel="noopener">Busy Bees</a>, an international provider of premium quality child care, has secured a strategic investment from Singapore state investor <a href="http://dealstreetasia.com/tag/Temasek-Holdings" target="_blank" rel="noopener">Temasek Holdings</a>. The UK-headquartered firm plans to use the financing to support its expansion to Asia and globally.
Financial terms of the investment were not disclosed.
Founded in 1984, Busy Bees claims to care for over 50,000 children across a network of nearly 500 nurseries in the UK, Singapore, Malaysia, Canada and China.
The deal sees Ontario Teachers’ Pension Plan remain the majority shareholder in the company, which it acquired in 2013. Temasek will acquire a strategic minority stake in Busy Bees and the transaction is expected to close before the end of 2017.
Toronto-headquartered Ontario Teachers’ is Canada’s largest single-profession pension plan, with C$180.5 billion in net assets as at 30 June 2017. It holds a diverse global portfolio of assets, 80 per cent of which is managed in-house and reports earning an annualised rate of return of 10.1 per cent since its founding in 1990.
“The addition of Temasek as a strategic partner comes as we seek to unlock new opportunities across key markets and allows Busy Bees to continue its path of expansion, particularly in Asia,” said Jo Taylor, Senior Managing Director International at Ontario Teachers’, in an official statement.
Over the course of 2017, Busy Bees strengthened its position in the UK and internationally through the acquisitions of Treetops Nurseries in the UK and BrightPath in Canada, and through the formation of a joint venture in China. It acquired Bright Path in July in a $145 million deal that saw it delisted from the TSX Venture Exchange.
In an announcement, Simon Iron, CEO of Busy Bees, said, &#8220;Temasek’s international expertise and insight will help us to accelerate our global growth both in Asia and elsewhere even further. We are excited that this will enable Busy Bees to provide opportunities for more children to access our high-quality childcare.&#8221;
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Busy Bees claims to care for over 50,000 children across a network of nearly 500 nurseries in the UK, Singapore, Malaysia, Canada and China.

Temasek Holdings makes strategic investment in OTPP-backed Busy Bees

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Temasek Holdings makes strategic investment in OTPP-backed Busy Bees

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