LDC backs Lakelovers MBO

Following the deal, which was led by Lakelovers CEO Paul Liddell, the company will undertake an acquisitive growth strategy.

As part of the transaction, LDC investment director Simon Braham and senior director Ged Gould will take a seat on the Lakelovers board of directors. Lakelovers has also appointed Gary Fletcher, formerly CEO of Forest Holidays and now non-executive director at LDC portfolio company Away Resorts, as non-executive director.

The deal is the fifth investment made by LDC's north-west team in 2017, accounting for a total equity commitment of around £75m.

Company
Founded in 1977 and headquartered in Windermere, Lakelovers is a letting agent focusing on luxury holiday cottages in the UK's Lake District. The business manages around 500 properties, providing an end-to-end property management service including marketing, maintenance and bookings support.

People
LDC – Simon Braham, John Clarke (investment directors); Ged Gould (senior director).
Lakelovers – Paul Liddell (CEO).

Advisers
Equity – Grant Thornton, Peter Terry, Matt Bryden-Smith, Joe Pollard, Brad Seekings (corporate finance); DLA Piper, Chris Wilson, James Kerrigan (legal); CIL, Liam McGuinness, James Cavanagh (commercial due diligence); KPMG, Steve Heath, John Moth (financial due diligence); Javelin, Michael Fine, Humphrey Rose (IT due diligence).
Vendors – Pinsent Masons, Helen Ridge, Vicky Jew, Francesca Heggie (legal).
Company – KPMG, Jonathan Boyers, Richard Stark, Sarah Bannister, Harry Eastwood (corporate finance).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• UK / Ireland
• Financials
• United Kingdom
• LDC
• Grant Thornton
• DLA Piper
• KPMG
• Pinsent Masons