Phoenix Equity Partners buys up Bridge Leisure

first_img whatsapp Mid-sized private equity firm Phoenix Equity Partners has purchased the holiday leisure park company Bridge Leisure, alongside the current management team led by chief executive Andrew Howe, Phoenix announced yesterday.As part of the sale, Bridge Leisure is simultaneously acquiring Silver Sands Holiday Park which is located near Lossiemouth in Scotland.Phoenix will provide funds for Bridge Leisure to further develop its existing parks and supply cash for new acquisitions.Phoenix has experience of partnering with management teams to grow businesses. It also has experience of the holiday park sector, having invested previously in Weststar Holidays.Silver Sands will be the fourth park owned and operated by Bridge Leisure, following purchases between 2010 of Trevella, Sand Le Mere and Turnberry in 2012.Phoenix, meanwhile, is owned by its executive team and has an investment focus on mid-market UK businesses valued up to £200m.Recent investments include Riviera Travel, Just Childcare and Key Retirement Group.David Burns, managing partner at Phoenix, said:“[Bridge Leisure] is a well-run business with a strong management team, in what is an attractive and highly fragmented sector. We are confident that we will work well together with Andrew and his team to grow the business. The Silver Sands acquisition is a first step towards meeting that objective.”Howe, chief executive of Bridge Leisure, said:“As we look to further expand the business both organically and through acquisitions. We’ll benefit strongly from their experience of helping companies grow.” Show Comments ▼ Phoenix Equity Partners buys up Bridge Leisure Express KCS Monday 19 January 2015 8:35 pmcenter_img Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDVikings: Free Online GameIf you’re over 50 – this game is a must!Vikings: Free Online GamePost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive Supplement whatsapplast_img

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