Asquith changes hands in £95m secondary buy-out

Asquith Nurseries, which has been owned by Lyceum Capital since 2001, has been sold to new private equity investors Dawnay, Day Principal Investments and Swordfish Investments LLP.The deal, which was announced 28 June, valued Asquith at £95m. The business now owns 113 nurseries and crèches across the UK and provides places for 10,000 children. Dawnay,…