6.5x
MOIC
59%
IRR
£140m
Value at exit

Treetops is the UK's fourth largest nursery school operator, providing education to more than 6,000 children at 61 schools.

We carved Treetops out of PINE Unit Trust, a property investment vehicle, in 2012 in order to bring focus to the company’s development. Our strategy was to accelerate growth by focusing on yield, operational management and add-on acquisitions. A rigorous focus on quality and a more sophisticated approach to sales and marketing increased organic growth above market levels. At the same time we led an M&A programme that doubled the company’s schools portfolio. Earnings more than quadrupled under our ownership.

We sold the business to a strategic buyer in 2017.

“Epiris has been a fantastic investor for Treetops. Chris and his team set out a clear vision for the business and provided invaluable support as we have worked to fulfil it.” (Charles Eggleston, CEO)

Status:
Realised

Activity:
Nursery education

Entry date:
March 2012

Exit date:
April 2017

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