Steubenville Tigers Childcare has secured a €5 million capital injection from DunPort Capital Management to help fuel its expansion in Ireland and the UK.
http://ncercc.co.uk/groups-and-groupings-in-residential-child-care-literature-and-overview/ With 13 centres in Dublin and Meath, Tigers Childcare is one of the largest childcare providers in Ireland, catering for 1250 children and employing162 staff.
Next month it will open its first overseas facility in London as part of a new urban regeneration project in Elephant and Castle. This follows a successful tender win to operate a new 7,000sq ft centre owned by multinational property group, Lendlease.
DunPort Capital Management will provide funding by way of debt capital to help support the company’s expansion in the greater Dublin and London region where demand for high quality childcare is very strong.
DunPort is an Irish-owned and managed asset management platform founded in 2017 by Pat Walsh and Ross Morrow, former senior executives of BlueBay Asset Management. It has so far deployed over €500m in debt capital across a wide range of industries in support of growth and acquisition initiatives.
Founder and managing director of Tigers Childcare, Karen Clince said:
“The capital support and expert advice from DunPort, combined with its track record in supporting high-growth SMEs make it the perfect fit for us. Our plan is to continue to build on the number of Tigers Childcare centres in Dublin and its surrounds, through a combination of acquisitions and new centre openings, and cater for the increased demand for both full day care and after-school services. We also have ambitious growth targets for London where demand for our unique childcare model has proven very strong, with our first centre to open next month.”
The model used by Tigers Childcare is to exceed statutory requirements for childcare staffing. All staff are fully qualified in early-years care and education with senior staff qualified to degree level. In the UK only 50 per cent of childcare employees need to be qualified.
Co-founder and executive director or DunPort, Ross Morrow said:
“We are delighted to be supporting Karen and the talented team in Tigers Childcare as they seek to expand and grow the Tigers business. The sector is of critical importance to the underpinning of the broader economy and Tigers is well placed, as a leading player of scale and quality, to grow its service offering to help address the current level of under-capacity in the sector.”
Since establishing in 2003, Tigers Childcare has grown steadily to become one of Ireland’s market leaders in childcare provision. In 2017 it announced the acquisition of three centres from multinational childcare provider, Bright Horizons expanding its reach into South Dublin. All of its Irish centres are operating at full capacity.
An advocate of improved standards in childcare services in Ireland, Clince is chair of the Fingal Childcare Committee and acts as an advisor to many Government departments and voluntary bodies on childcare and early years education.
Media Contact: Bernice Burnside, Bvisible, firstname.lastname@example.org, 087 2337366
best houston dating site About Tigers Childcare
Tigers Childcare provides a unique programme of early years, pre-school and after-school childcare services in Ireland.
The company is owned and managed by Karen Clince who set up Ireland’s first after-school childcare facility in 2003 in Glasnevin.
Tigers Childcare’s staff are trained to the highest standards and focused on providing an individualised curriculum and centre-based care that is regularly audited and evaluated against international childcare standards.
indulgently About DunPort Capital Management
DunPort is an Irish owned and managed asset management company focused on the private debt asset class. DunPort, through Elm Corporate Credit DAC (its €285m direct lending platform), provides flexible debt and hybrid capital solutions for SMEs and mid-sized corporates across Ireland and the UK.
The DunPort team have been providing flexible capital solutions to mid-sized companies since 2013 and during this time have deployed over €500m in support of a diverse array of companies across in excess of 45 unique transactions.
It seeks to support established businesses across a wide range of sectors that require flexible capital to fund the scaling of their activities through investment and development expenditure or acquisitions. In addition, it can support management buy outs, buy and build strategies and recapitalisations, including money out to existing shareholders.