Karen Clince’s Tigers Childcare operates 13 childcare facilities in Dublin and one in London.
Childcare Service provider Tigers Childcare has raised €10.5m in equity funding from growth capital investor BGF.
Tigers Childcare is the third largest childcare provider in the country, based on number of sites. The market is generally dominated by single-site operators.
“Our continued success means even more children and families have access to quality care, which leads to better outcomes for the children and families we serve”
Tigers Childcare was founded by Karen Clince in 2003. Today the business operates 13 childcare facilities in Dublin and one in London. It employs over 200 people and provides childcare services to more than 2,000 children.
“We are delighted with this investment from BGF which will see us continue to grow and push boundaries in the childcare space in Ireland and the UK,” Clince explained.
“While our financial wins are always exciting, much more exciting is the fact that our continued success means even more children and families have access to quality care, which leads to better outcomes for the children and families we serve.”
Head of BGF Ireland, Leo Casey, will join the Tigers Childcare board with Lauren Sharpe also of BGF joining as an observer. The board is chaired by Cormac Tobin, the former CEO of healthcare group McKessons in the UK and Ireland.
BGIF, which is backed by ISIF and the main Irish banks, takes minority positions in growing businesses.
Casey said the deal was particularly significant as it marked the company’s 10th investment since it began operations in Ireland in late 2017. Those 10 investments combine to represent over €60m deployed to support the growth plans of Irish businesses. Investee companies are from across the Irish business sectors including medtech, cybersecurity, precision engineering, aircraft maintenance, nursing homes and home-building.
“As our 10th investment – and one of our largest to date – this is a landmark deal for BGF,” Casey said.
“Tigers is a great business led by a charismatic and inspiring founder and with a clear growth plan. It’s another example of the extraordinary talent, energy and drive that you see across the Irish business community and we look forward to continuing to support these businesses as they grow and prosper in the years ahead.”