Established in 2010, Verdant Leisure is a leading high quality holiday park group which, at the time of the TDC investment, had four well-invested freehold-backed holiday parks.Client website
- Date: Apr 16
- Industry: Holiday lettings
- Location: North West
- Type: LBO
- Revenue: £30m
- Fund: Fund I
TDC initially invested £8.0m second lien debt; supporting the MBO by Palatine Private Equity, which acquired the business from RJD Private Equity in a secondary deal. An additional £2m accordion was provided and utilised over the period to support the acquisition of additional sites.
TDC value add
During TDC’s c.3.5 year investment period, a ‘buy-and-build’ strategy was executed, with the group acquiring a further five parks funded via cash, CYB and TDC debt. The acquisitions, along with the original parks, built a strong freehold asset base valued at c.£80m and a Group EBITDA of £7.5m. During its time with TDC, Verdant Leisure expanded from four parks with a value of £48m to nine parks and over £80m of value.
We couldn’t have done it without your support during the early days of Palatine and for that I will always be grateful.
Chief Executive, Graham Hodgson