JiaYi plans to buy more UK childcare centers

JiaYi Education is planning to open British-style preschools in China and acquire more childcare centers in the United Kingdom, following its recent purchase of Devonshire-based nursery group Bambinos, a company associate said.

The Beijing-based education company plans to purchase more British facilities and open nurseries in China under the Bambinos brand, having acquired the firm's childcare centers in Plymouth, Plymstock, Woolwell, and Tavistock in Southwest England as part of a multimillion-pound deal last month.

"We are looking for more investment opportunities in Britain," said Xiao Li, chief executive of London Thames Capital, an advisory firm that represents JiaYi Education in the UK.