DunPort | Tigers Childcare
Tigers Childcare secures €5m investment from DunPort for expansion
Tigers Childcare has secured a €5m investment from DunPort Capital Management to help fuel its expansion in Ireland and the UK.
Tigers Childcare is one of the largest childcare providers in Ireland as it caters for 1,250 children in 13 centres in Dublin and Meath. It has a workforce of 162.
It is due to open its first overseas facility in London next month as part of a new urban regeneration project in Elephant and Castle.
DunPort is an Irish-owned and managed asset management platform founded in 2017 by Pat Walsh and Ross Morrow.
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 the company.
"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," Ms Clince said.
"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," she added.
DunPort's Ross Morrow said the childcare sector is of critical importance to the underpinning of the broader economy.
"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," Mr Morrow said.