Clearwater International UK advises Bridge Leisure on its refinance
Clearwater International 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.