Palatine's Verdant bolts on Scoutscroft Holiday Centre

The deal is the fourth bolt-on made by the UK-based holiday park operator since Palatine acquired the business from RJD Partners in April 2016, and brings its total number of locations to eight. Verdant acquired another leisure park one mile from the Scoutscroft site in February 2017, Crosslaw Caravan Park, which was subsequently rebranded as Coldingham Bay Leisure Park.

RJD backed Verdant's MBI in September 2010, taking a 75% stake, according to Unquote Data. The transaction saw RJD bring in the management team of Dunham Leisure – owners of the Pease Bay and Thurston Manor holiday parks on Scotland's east coast – as Verdant's new leadership, and merge the two companies.

During RJD's holding period, Verdant acquired Viewfield Manor Leisure Park in Ayrshire in July 2011 and Northumberland-based Riverside in December 2011.

Palatine then acquired Verdant from RJD in a £40m SBO in April 2016 with capital drawn from Palatine's Fund III, which closed on its £220m hard-cap in June 2015.

Company
Based near Coldingham in the Scottish Borders, Scoutscroft Holiday Centre is a holiday park comprising a chalet, static caravans and camping pitches, in addition to leisure facilities including a spa, indoor mini-golf and function rooms. It is a short walk from Coldingham Bay beach, which is a popular location for watersports.

People
Palatine Private Equity – Ed Fazakerley (partner).
Verdant Leisure – Graham Hodgson (CEO).

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