LDC's Away Resorts acquires Cosways Holiday Park

The deal has been financed by additional capital from LDC alongside debt facilities provided by Lloyds Bank Commercial Banking.

Following the transaction, Cosways was renamed Mersea Island Holiday Park and will receive investment to improve and expand its facilities. This includes the installation of new caravan pitches, a roof to cover the outdoor pool and extending the catering services and bar area.

Previous funding
LDC acquired Away Resorts from previous backer CBPE in April 2015, with LDC investing £18.5m.

CBPE acquired Away Resorts in February 2008 and in November 2009 supported its purchase of caravan park Tattershall Lakes from administrators Baker Tilly.

Company
Newly named Mersea Island Holiday Park, based in Essex, is a caravan holiday park.

People
Away Resorts – Carl Castledine (managing director).
LDC – Richard Whitwell (investment director).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• LDC
• Build-up
• Acquisition finance