Permira Debt Managers acts as sole lender in the refinancing of Away Resorts

11th January 2017

Permira Debt Managers (“PDM”), the debt management and advisory arm of Permira and one of Europe’s leading specialist debt investors, today announces that PDM funds are acting as sole lender in the refinancing of Away Resorts’ existing debt. PDM’s support will also enable Away Resorts to acquire its sixth park, Sandy Balls, based in the New Forest. 

The acquisition of Sandy Balls continues Away Resorts’ expansion and proves its ability to acquire high quality assets.  In addition to the refinancing, PDM funds have also provided a flexible capex facility to enable Away Resorts to continue improving and expanding the range of facilities and accommodation provided across its six resorts.

Dan Hatcher, Investment Director at Permira Debt Managers commented: “A combination of proven robust demand for UK based vacations and significant freehold assets makes the holiday park sector an attractive one. LDC and the management team at Away Resorts are the leading operators in the holiday park space. We have a strong relationship with LDC and look forward to working with them and the Away Resorts team to enable the business to exploit the growth opportunities available.”

Click below to download the full release.

 



Download PDF version

Latest News

PCS2 acts as sole lender in the refinancing of DGF
7th November 2016
PCS2 acts as sole lender to Knights 1759 to support continued expansion
17th October 2016
Permira Debt Managers announces final close of Permira Sigma IV
28th September 2016
PCS2 acts as sole lender in the acquisition of I@D
22nd September 2016
PCS2 invests in the senior secured floating rate notes of Vizrt
15th September 2016
PCS2 invests in the senior secured term loans of Exterion Media
15th September 2016
RSK Group becomes UK's largest site investigation provider
27th June 2016
PCS2 acts as sole lender to Eaton House Schools Group in support of a management buyout
24th June 2016
PCS2 committed a follow-on investment to David Brown Gear Systems
1st June 2016
PCS2 to act as sole lender to ALcontrol Laboraties
19th April 2016
PCS2 acts as sole lender in CLEAN Linen’s acquisition of Paragon Laundry
14th January 2016
PCS2 sole lender in Bridgepoint Capital’s acquisition of Anaveo
7th January 2016
Savoury & Sweet Limited announce multi-million pound investment programme
27th November 2015
Delsey secures €100m refinancing package to support continued growth
17th November 2015
Paperchase secures £50m refinancing package to boost growth
2nd November 2015
Final close of Permira Credit Solutions II
29th July 2015
PCS2 to act as sole lender to David Brown Gear Systems
2nd July 2015
PCS2 to act as sole lender to RSK Group
15th June 2015
Permira Debt Managers appoints David Hirschmann as Head of Private Credit
9th June 2015
PCS2 acts as sole lender to Kinaxia Logistics to support acquisition strategy
19th May 2015
PCS2 sole lender in Oakley Capital's PARSHIP acquisition
1st May 2015
Permira Debt Managers expands team
16th January 2015
Permira Debt Managers announces 1st close of Permira Credit Solutions II
29th October 2014