OTPP Said to Weigh Sale of £3 Billion UK Nursery Group Busy Bees

Ontario Teachers’ Pension Plan Board is considering a sale of Busy Bees Group Ltd., a provider of child daycare centers in the UK, according to people familiar with the matter.

The Canadian investor is weighing selling part or all of Busy Bees, the people said, asking not to be identified discussing confidential information. Any deal could value Busy Bees at more than £3 billion ($3.5 billion), the people said.

A sale process would likely begin in early 2023, according to the people. Deliberations are in the early stages and there’s no certainty they’ll lead to a sale. A representative ...