Clyde & Co advised Babilou Group on the acquisition of Bright Kids Nurseries
Babilou Family, innovative early education networks, has acquired Bright Kids Nursery (BKN), counting six centers across Abu Dhabi and Al Ain.
Since its UAE launch in 2009, Babilou Family has rapidly grown as a premium childcare provider within the country and will offer 2,800 seats across 23 nurseries by the end of 2021. The Group’s ambition is to reach 31 nurseries in the UAE by 2023, while investigating opportunities in the region.
Clyde & Co acted as lead counsel to Babilou Group on all aspects of the acquisition, including carrying out a legal due diligence exercise, drafting and negotiating a business and asset purchase agreement and other related transaction documents, as well as assisting with completion and post-completion matters. The team was led by corporate partner, Naji Hawayek (pictured) assisted by Nisha Johar, Ghalya Rashid Ali and Aliaa Ibrahim, with additional specialist support from real estate partner, Peter Greatrex.