The nursery chain, with over 130 settings in the UK, was previously owned by Australian childcare group ABC, which officially entered voluntary administration earlier this month.
Although Knowledge Universe is now the majority shareholder, Busy Bees confirmed that its original founders have also bought back a share in the nursery group.
Further details of the sale have not been disclosed although Busy Bees confirmed that operation of the company will remain in the hands of the existing management team.
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