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.
The deal was funded by additional capital from LDC and acquisition loans provided by Permira Debt Managers; it marks a significant step in the strategy of identifying and delivering high quality sites to complement Away Resorts’ existing portfolio and increase its share of the UK holiday market.