M&A Deal Summary

CVC Capital Partners Acquires Away Resorts

On June 14, 2021, private equity firm CVC Capital Partners acquired leisure company Away Resorts from Freshstream and Lloyds TSB Development Capital

Acquisition Highlights
  • This is CVC Capital Partners’ 8th transaction in the Leisure sector.
  • This is CVC Capital Partners’ 53rd transaction in the United Kingdom.

M&A Deal Summary
Date 2021-06-14
Target Away Resorts
Sector Leisure
Buyer(s) CVC Capital Partners
Sellers(s) Freshstream
Lloyds TSB Development Capital
Deal Type Secondary Buyout

Target

Away Resorts

Hemel Hempstead, United Kingdom
Away Resorts is a holiday park owner and operator in the UK. It operates six major resorts in prime UK destinations, including Tattershall Lakes in Lincolnshire and Whitecliff Bay on the Isle of Wight, hosting almost 200,000 holiday-makers each year. Away Resorts was founded in 2007 and is based in Hemel Hempstead, United Kingdom.

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Buyer(S) 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.

DEAL STATS #
Overall 279 of 323
Sector (Leisure) 8 of 8
Type (Secondary Buyout) 63 of 76
Country (United Kingdom) 53 of 60
Year (2021) 16 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-03 A Bathing Ape

Tokyo, Japan

A Bathing Ape is specializes in men's, women's and children's lifestyle and street wear. A Bathing Ape was founded in 1993 and is based in Tokyo, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 ExamWorks

Atlanta, Georgia, United States

ExamWorks is a provider of independent medical examinations, peer reviews, bill reviews, Medicare compliance, case management, record retrieval, document management and related services. The Company operates in the United States, United Kingdom, Australian and Canadian markets through its global network of independently-contracted credentialed physicians. ExamWorks was founded in 2007 and is based in Atlanta, Georgia.

Buy -

Seller(S) 2

SELLER

Freshstream

Category Private Equity Firm
Founded 2015
PE ASSETS 600M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Freshstream is a generalist private equity firm focused on opportunities in the UK and Benelux. Freshstream looks to commit €30 to €100 million per transaction and will consider investing in businesses within the healthcare, general manufacturing, financial services, aerospace, branded retail, chemicals, building products, technology, media, and telecom sectors. Freshstream was formed in 2015 and is based in London.

DEAL STATS #
Overall 3 of 4
Sector (Leisure) 1 of 1
Type (Secondary Buyout) 2 of 3
Country (United Kingdom) 1 of 1
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-16 Lunch Garden

Brussels, Belgium

Lunch Garden is an iconic restaurant brand that offers customers high quality, traditional Belgian cuisine, complemented by popular international dishes, with an average meal price of €11. Located in prime, high-footfall areas, all sites are profitable with Lunch Garden commanding a growing market share within the Belgian restaurant market. Lunch Garden was founded in 1966 and is based in Brussels, Belgium.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Big Motoring World

Kent, United Kingdom

Big Motoring World is a car dealer, operating from five sites with over 650 employees, selling an average of 22,000 cars a year. Big Motoring World prides itself on providing a wide range of choices of quality second-hand cars combined with a customer service-centric focus. Big Motoring World was founded in 1986 and is based in Kent, United Kingdom.

Buy -
SELLER

Lloyds TSB Development Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 2.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Lloyds TSB Development Capital Ltd (LDC) is the private equity arm of Lloyds Banking Group Plc and invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. Lloyds TSB Development Capital Ltd was formed in 1981 and is based in London.

DEAL STATS #
Overall 169 of 192
Sector (Leisure) 3 of 3
Type (Secondary Buyout) 60 of 71
Country (United Kingdom) 163 of 186
Year (2021) 8 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 Biozone Scientific

Exeter, United Kingdom

Biozone Scientific designs and manufactures ultraviolet light commercial and industrial applications, creating systems for virus disinfection and sanitation, preventative maintenance, and odor control solutions. Biozone Scientific is founded in 1996 and is based in Exeter, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 Hybrid

Bristol, United Kingdom

Hybrid is a global influencer that works with clients to influence relevant audiences in higher education and tech using design, data, and storytelling expertise. The company is a group of journalists, digital strategists, creatives, and business minds that reach, influence, and grow specialist audiences. It connects change-making organizations with change-making individuals. Hybrid was formed in 2009 and is based in Bristol, United Kingdom.

Buy -
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