Clearwater advises on the MBO of boutique holiday operator Verdant Leisure

Transaction

Palatine Private Equity MBO of Verdant Leisure

Buy-side

Undisclosed

Role

Adviser to Palatine Private Equity on its MBO of Verdant Leisure

Sector

Consumer

Region

United Kingdom

Clearwater 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.

We have made great strides in the holiday park sector with the support of our previous partners, RJD. Palatine’s impressive portfolio and proven track record of growing entrepreneurial businesses made them the ideal partner and their support will enable us to identify new acquisition targets as well as making improvements to our current locations. We are excited about the future of Verdant Leisure as we start a new chapter with Palatine."
Graham Hodgson, Managing Director at Verdant Leisure

The growing trend towards ‘staycations’ in the UK and the increased demand for holiday accommodation in premium locations means the business has enormous growth potential. We have been impressed by the expertise of the management team and look forward to developing a strong relationship as we seek to drive further expansion.
Ed Fazakerley, Partner at Palatine Private Equity

Verdant Leisure has become an established holiday park operator under the leadership of an experienced management team. We were pleased to advise Palatine on this transaction, including arranging a bespoke debt package provided by Yorkshire Bank and Toscafund. The management team, with the support of Palatine and the debt funders, have the opportunity to deliver future growth through organic expansion and, potentially, via acquisition. We wish the shareholders every success in the next stage of the company’s development.
Mark Taylor, Head of Debt Advisory at Clearwater