Clearwater UK advises Bridge Leisure on its refinance

Transaction

Bridge Leisure raised unitranche debt funding from Ares Management

Refinance

Undisclosed

Role

Adviser to Bridge Leisure on raising unitranche debt funding from Ares Management

Sector

Consumer

Region

United Kingdom

Clearwater UK advised holiday parks operator Bridge Leisure on raising a £69m debt package, provided by Ares Management (Ares), to refinance the business, invest in the expansion of existing parks and fund future bolt-on acquisitions.

Bridge Leisure, backed by Phoenix Private Equity (Phoenix) since 2015, operates and manages 13 parks across the UK from Scotland down to Cornwall. As well as owning and operating parks, Bridge Leisure also provides professional management support and consultancy for the caravan holiday park industry. Customers include independent holiday park owners, large operator groups, investors and corporate administrators.

Clearwater played a vital role in our recent refinance process. The team demonstrated extensive knowledge of our sector and was quick to understand our objectives. We really appreciate the expert advice and commitment to achieving our goals - the service was focussed, professional and, critically, commercial.
Andrew Howe, Chief Executive, Bridge Leisure

Led by its strong management team, Bridge Leisure is a highly sought after business that is well positioned for future growth. The holiday park market is particularly active, driven by the rising interest in domestic holidays. With this investment, Bridge Leisure can continue to deliver high-quality services for its customers and seize opportunities in this resilient market.
Chris Smith, Partner, Clearwater