Olswang has advised private equity firm ISIS Equity Partners ("ISIS") on its £3.7 million investment in Happy Days Consultancy Limited ("Happy Days").
Happy Days runs a highly successful chain of children's nurseries, operating 16 different premises across the South West of England. Beginning as a small, family-run business, Happy Days has expanded rapidly to become widely recognised and the 13th largest for-profit child day care provider in the United Kingdom. Several Happy Days sites have been awarded an "Outstanding" rating from OFSTED. Investment from ISIS will support the organic expansion of Happy Days and allow the acquisition of 4 new nursery sites.
In providing a fully integrated, cross-departmental approach, Olswang was able to offer bespoke advice to long-standing client ISIS. This complex transaction drew on expertise from throughout the firm including private equity, real estate, tax, share schemes, employment and commercial.
Paul Morris from ISIS commented: "I have used Olswang on numerous occasions and continue to be impressed with the depth and responsiveness of the team. I am particularly grateful for the team's ability to cut through the legal jargon and provide insightful and commercial advice."
Carsten Greve, Senior Associate in Olswang's Private Equity team, commented: "We were delighted to be recognised once again as ISIS's first choice of firm in London and advise its highly rated team on its growth investment in Happy Days, a high quality company which is well positioned for rapid expansion in the sector."
The Olswang team was led by Head of Private Equity Stephen Rosen and Private Equity Senior Associate Carsten Greve and by Real Estate Partner Stephen Slater.