International law firm Osborne Clarke has advised the shareholders of Blossom Educational Limited on its sale to KidsKonnect, a leading European childcare software provider.
Founded in 2017, Blossom is a UK-based, SaaS provider for local childcare organisations. Currently, the platform has a suite of features that were developed inhouse, from child development, billing, staffing, to administration and parent communication.
The Osborne Clarke team was led by Corporate Partner Ken Wilkinson, together with Corporate Senior Associate Alec Bartlett, Corporate Associate Ollie Wilson, Tax Partner Mat Oliver and Tax Senior Associate Anna Reynolds.
Blossom said the collaboration with KidsKonnect will result in a more “agile” business, with the capability to further advance its nursery software.
Headquartered in the Netherlands, KidsKonnect is a childcare software provider. Five Arrows, the alternative assets arm of Rothschild & Co, acquired the company from BB Capital Investments in December 2021 through its Five Arrows Growth Capital fund, which closed on €450m in June 2021
Through this combination, the KidsKonnect group now serves more than 14,000 childcare locations across the Netherlands, UK and Belgium. The buyer said that entering the UK market through the acquisition is an “important” step in its vision to become the leading software provider for both large and small childcare organisations across Europe, adding that it is “committed” to investing in further development of its UK presence.
Shyam Thakrar, Founder and CEO at Blossom, said: "Ken and his team at Osborne Clarke were masters of navigating the M&A intricacies, while always staying commercially sharp. Their expertise and business-minded approach instilled confidence in closing the deal successfully."
Osborne Clarke’s Corporate team is considered a go-to practice for many companies in the 'EdTech' sector, working with global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.