M&A Deal Summary

Phoenix Equity Partners and Ares Private Equity Group Acquire Bridge Leisure Parks

On January 19, 2015, private equity firms Phoenix Equity Partners and Ares Private Equity Group acquired leisure company Bridge Leisure Parks from Kings Park Capital

Acquisition Highlights
  • This is Phoenix Equity Partners’ 3rd and Ares Private Equity Group’s 1st transaction in the Leisure sector.
  • This is Phoenix Equity Partners’ 36th and Ares Private Equity Group’s 4th transaction in the United Kingdom.

M&A Deal Summary
Date 2015-01-19
Target Bridge Leisure Parks
Sector Leisure
Buyer(s) Phoenix Equity Partners
Ares Private Equity Group
Sellers(s) Kings Park Capital
Deal Type Secondary Buyout

Target

Bridge Leisure Parks

Milton Keynes, United Kingdom
Bridge Leisure Parks Ltd. owns and operates UK holiday parks. Bridge Leisure includes a high-quality selection of small (150-300 pitch) scenic parks in attractive locations, and larger all-inclusive parks with more extensive central facilities. Bridge Leisure Parks was established in 2008 and is based in Milton Keynes, United Kingdom.

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Buyer(S) 2

Buyer

Phoenix Equity Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Phoenix Equity Partners is a mid-market private equity firm that funds management buyouts and buy-ins, and provides expansion capital for UK-based companies. Phoenix looks for opportunities valued up to £200 million. Target sectors include consumer, leisure, retail, financial services, healthcare, education, media, transportation/logistics, and business services. Phoenix Equity Partners was formed in 2001 and is based in London.

DEAL STATS #
Overall 38 of 56
Sector (Leisure) 3 of 4
Type (Secondary Buyout) 11 of 16
Country (United Kingdom) 36 of 52
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-23 The Gym Group

Hounslow, United Kingdom

The Gym, a UK operator of low-cost gyms, to support its continued expansion.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-09 CloserStill

London, United Kingdom

CloserStill is a provider in business trade show operator focusing on the healthcare, learning, and technology, and veterinary sectors. CloserStill was founded in 2008 and is based in London, England.

Sell -
Buyer

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 20.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.

DEAL STATS #
Overall 54 of 98
Sector (Leisure) 1 of 1
Type (Secondary Buyout) 22 of 39
Country (United Kingdom) 4 of 10
Year (2015) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-19 Employment & Skills Group

Sheffield, United Kingdom

Employment & Skills Group is a provider of training services in the areas of Employment and skills for businesses and individuals.

Sell £25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-20 Meineke

Charlotte, North Carolina, United States

Meineke is a franchise-based international automotive repair chain with over 750 locations and a 50-year history of delivering consistent and high-quality repair and preventative maintenance services. Meineke CARSTAR is based in Charlotte, North Carolina.

Sell -

Seller(S) 1

SELLER

Kings Park Capital

London, United Kingdom

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 130M GBP
Size Small
Type Sector Focused
DESCRIPTION

Kings Park Capital LLP is a specialist private investment firm that targets lower mid-market leisure companies located in UK. The focuses on companies with strong cash flows, demonstrable market growth, differentiated products led by proven management teams. It looks to invests in companies with enterprise values of £50 million. Specific areas in leisure sector include hotels, travel, health and wellbeing, gaming, bars and restaurants. Kings Park Capital LLP was formed in 2007 and is based in London.

DEAL STATS #
Overall 2 of 5
Sector (Leisure) 1 of 3
Type (Secondary Buyout) 2 of 4
Country (United Kingdom) 1 of 2
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-11 Inn Collection

Newcastle Upon Tyne, United Kingdom

Inn Collection is involved in owning and operating a chain of pubs with rooms. The company offers food, beverages, accommodation services, etc. Inn Collection was founded in 2007 and is based in Newcastle Upon Tyne, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-15 Andante Travels

Salisbury, United Kingdom

Andante Travels is a tour operator group specialist in archaeological travel, offering tours all over the world. Andante Travels was founded in 1985 and is based in Salisbury, United Kingdom.

Buy -
Mergr

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