Fennies Nurseries has recently secured £45 million debt financing through a Club Facility between Shawbrook and Cynergy Bank to help accelerate their long-term growth plans.
Family-founded in 1992 with 20 settings across the South East of England, Fennies Nurseries aims to expand into nine new locations, bolstering the number of places offered to 3,000 children.
The funding will facilitate the expansion of their portfolio across London and the South East, starting with Richmond, Clapham, Reading, Twickenham, Cheam and Whitton in 2025, followed by Maidenhead, Windsor, High Wycombe in the first half of 2026 along with a new purpose-built site in Beckenham.
Steven Fenn, Fennies Nurseries CEO, said: “We’re delighted to have Shawbrook on board to help with the funding of the new sites that we will be opening through 2025 and 2026, allowing us to create over 400 new jobs.”
Our specialist Corporate Finance team led by Partner, Daniel Bond, Director, Rob Burns and Senior Manager, Jordan Carpenter, supported Shawbrook on the transaction by providing financial due diligence on the Fennies Group.
Rob commented: “It was a pleasure working with the Shawbrook and Fennies teams on this transaction. This facility will allow Fennies to continue to expand their provision of high-quality early years education services, benefitting thousands of children and families across London and the South East of England. We look forward to seeing their journey continue.”
If you would like to find out more from our team, and begin the conversation around growing, acquiring or selling a business, please get in touch.