LDC invests in British Waterways Marinas

Following the deal, BWML will seek to open new sites and invest in the broadening of leisure facilities at its existing locations.

As part of the deal, LDC has introduced Gary Fletcher - the former CEO of Forest Holidays and current non-executive chairperson at Away Resorts and Lakelovers - as non-executive chairperson at BWML. LDC director Chris Wright and head of new business Andy Grove will take seats on the company's board of directors.

Company
Founded in 2004 and headquartered in Milton Keynes, BWML operates 18 marinas across the UK, comprising around 2,500 boat moorings. According to publicly available documents, the business generated an operating profit of £1m from a turnover of £8.5m in the year ending in March 2018.

People
LDC - Chris Wright (director); Chris Morris (investment manager).
British Waterways Marinas - Jeff Whyatt (CEO).

Advisers
Equity - DC Advisory (corporate finance); Gateley (legal).
Vendor - BDO (corporate finance); Vail Williams (property due diligence); Bevan Brittan (legal).

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

• Topics
• Buyouts
• UK / Ireland
• Consumer
• United Kingdom
• LDC
• DC Advisory Partners
• BDO LLP