Our recent deals in the camping, caravans and holiday parks market
Clearwater International advises LDC-backed UK holiday park operator Away Resorts, on raising a significant debt facility and supporting its acquisition of Sandy Balls holiday village
Clearwater International has advised LDC-backed UK holiday park operator Away Resorts, raising a significant debt facility to support its acquisition of Sandy Balls Holiday Village in the New Forest, forming a group with 6 sites valued in excess of €100m.
Sandy Balls is a five-star holiday village in the New Forest National Park and offers accommodation including luxury woodland lodges, static holiday homes, camping pods and safari tents as well as fully serviced touring pitches.
The purchase of Sandy Balls is the second acquisition Away Resorts has made since mid-market private equity firm LDC backed the secondary buyout of the business in April 2015.
Clearwater International advises on the sale of European Camping Group to Homair Group backed by Carlyle Group
Clearwater International has advised the owners of Dutch European Camping Group (ECG) on its sale to French Homair Group (HOMAIR), the European market leader of camping holidays.
In 2016, ECG will assist more than 100,000 guests when booking their camping holidays and short family vacations. The majority of holidays sold are camping under ECG’s high-end brands, Roan and Go4Camp. ECG currently owns 1,500 mobile homes and 1,000 luxury tents on various highly attractive campsites in Italy, France, Croatia and Slovenia. Also, 3rd party camping holidays are sold on the market leading online platforms www.allcamps.nl and www.go4holiday.nl, which are owned and managed by ECG.
Clearwater International advises on the MBO of boutique holiday operator Verdant Leisure
Clearwater International has advised Palatine Private Equity on their investment in holiday park operator Verdant Leisure.
Verdant Leisure is a boutique holiday park operator offering self-catering holidays and holiday home ownership across Scotland and Northumberland. This secondary MBO represents an exit, after 5 years, by RJD partners.
The investment from Palatine will support further development and organic growth across the existing parks as well as providing funding for further acquisitions. The senior debt for this investment was been provided by Yorkshire Bank, whilst Toscafund Asset Management’s (Toscafund) Tosca Debt Capital business delivered the second lien debt.
Clearwater International advises Homair Vacances shareholders on sale to The Carlyle Group
Clearwater International has advised Homair Vacances shareholders on the sale to The Carlyle Group.
Montefiore Investment, a leading private equity firm specialising in French SMEs and operating in locally supplied services, is proud of the acquisition project of Eurocamp group by one of its portfolio companies, Homair Vacances. With Montefiore Investment active support, Homair Vacances has grown in a few years from a family company, led by its founder Daniel Guez, to a pan-European outdoor accommodation and holiday group, which has increased revenues from 17m to 180m on a proforma basis. Following this acquisition project, Homair Vacances announced it has entered into exclusive discussions with The Carlyle Group for a stake in Homair Vacances. If the project succeeds, a fund managed by Montefiore Investment intends to reinvest substantially alongside The Carlyle Group, with whom it has already partnered in B&B hotels, to develop the new group into a key international player.
Clearwater International advises on the agreed sale of Away Resorts
Away Resorts, the UK holiday park owner and operator, was established in 2008 by an experienced management team with funding from CBPE Capital. The company acquired its first park, Whitecliff Bay on the Isle of Wight, later the same year. The company has since increased its offering to four parks comprising Tattershall Lakes in Lincolnshire, Mill Rythe in Hampshire and Barmouth Bay in Snowdonia National Park.
Away Resorts employs over 250 staff and achieved a turnover of over €30m in 2014, delivering high-quality, value for money holidays and offering a wide range of accommodation. The business has developed an enviable brand, with parks famed for the quality of entertainment and leisure facilities.
LDC has entered into an agreement to support the secondary buy out of the business – providing a successful exit for CBPE Capital and a new partner for Management to support the business in the delivery of its growth strategy.