Company Announcements

22 January 2024

Christie Group plc

("Christie Group" or the "Company")

Christie & Co broker sale of leading London day nursery to Dukes Education

Christie Group plc (CTG.L), is pleased to report that its specialist business property adviser, Christie & Co, has announced the sale of London-based Pippa Pop-ins Nursery Schools to Dukes Education.

Pippa Pop-ins is a long-established, highly respected family-owned portfolio comprising four prestigious nursery schools located on the borders of Kensington, Notting Hill, Holland Park, Chelsea, and Fulham in London.

Originally founded in 1992, this market-leading nursery group is widely regarded as one of London's leading early childhood education providers, having also featured in the Tatler guide to the top nurseries.

Following a confidential sales process facilitated by Christie & Co, the business has been purchased by Dukes Education in what is considered to be the highest value independent small nursery group OpCo transaction to have been completed in the UK.

Dukes Education Group is the leading, largest premium school group in the UK. Founded by Aatif Hassan in March 2015, it has over 30 school brands with 10,000 pupils as well as summer schools, activity camps, and a university entrance consultancy service.

Aatif Hassan, Chairman at Dukes Education comments: "I am thrilled that Pippa Pop-ins Nursery Schools is joining the Dukes Family and extend a very warm welcome to Principal Rachel Watson, the staff, and families. I have long admired the success of these wonderful nursery schools having originally visited for my children over 10 years ago. Pippa Pop-ins nursery schools, following the best of traditional standards, wholly align with our foundations for creating a happy childhood, a fulfilling future, and an enduring love of learning."

Courteney Donaldson, Managing Director - Childcare & Education at Christie & Co, comments: "We are delighted to have aided our clients in the sale of Pippa Pop-ins Nursery Schools to Dukes Education. I first visited Pippa Pop-ins nursery schools over 15 years ago and was immediately struck then by how truly exceptional they were. Following our client's acquisition of the business in 2012, this prestigious portfolio of leading London nursery schools has further expanded via the opening of a school in Kensington. Pippa Pop-ins is an exemplary business and, with their exceptional track record as world-class educationalists, we are delighted to have facilitated a sale to Dukes Education."

Pippa Pop-ins Nursery Schools was sold for an undisclosed price.

Enquiries:

Christie Group plc

Dan Prickett                                                                                       +44 7885 813 101

Chief Executive                                

Courteney Donaldson                                                                    +44 7831 099 985

Manager Director - Childcare & Education, Christie & Co

Shore Capital

Patrick Castle / Iain Sexton                                                          020 7408 4090

Nominated Advisor and Broker

Notes to Editors:

Christie Group plc, quoted on AIM, is a leading professional business services group with 37 offices across the UK and Europe, catering to its specialist markets in the hospitality, leisure, healthcare, medical, childcare & education and retail sectors.

Christie Group operates in two complementary business divisions: Professional & Financial Services (PFS) and Stock & Inventory Systems & Services (SISS). These divisions trade under the brand names: PFS - Christie & Co, Pinders, Christie Finance and Christie Insurance: SISS - Orridge, Venners and Vennersys.

Tracing its origins back to 1846, the Group has a long-established reputation for offering valued services to client companies in agency, valuation services, investment, consultancy, project management, multi-functional trading systems and online ticketing services, stock audit and inventory management. The diversity of these services provides a natural balance to the Group's core agency business.

For more information, please go to https://www.christiegroup.com/