Jamieson is pleased to announce that it has advised the
management team of Away Resorts on its acquisition by Bregal Freshstream from
LDC, the private equity arm of Lloyds Banking Group. As part of the deal,
LDC will retain a minority shareholding in the business.
Founded in 2008 with backing from CBPE, Away Resorts is a UK holiday park operator with six resorts across England and Wales. The holiday parks combined host close to 200,000 holidaymakers each year and the business has experienced significant expansion in recent years, with employees totaling around 950. Following the transaction, with the backing of Bregal Freshstream and its other shareholders, Away Resorts is planning a further £25 million of investment across the portfolio in the coming years.
Carl Castledine, who founded the business in 2008, said of Jamieson’s involvement, “Thank you David and Stuart – you paid careful attention to what was important to us and, you’re expertise and hard work let us to focus on our jobs with confidence we were being well looked after. We’re delighted with the end result and look forward to working with you next time around”
Stuart Coventry and David Kirkpatrick of Jamieson advised the Away Resorts management team.