Connect with us

Private Equity

Exclusive: Freshstream seals roughly 4x return selling Away Resorts to buyout giant CVC Capital

Published

on

CVC Capital Partners is banking on increased demand for UK ‘staycations’ with a buyout of holiday park business Away Resorts that AltAssets understands values the business at about £250m.

Interest in domestic holidays rather than foreign getaways has unsurprisingly boomed amid the Covid-19 crisis, with lockdown rules and uncertainty preventing many from travelling abroad.

The deal marks a quick and successful exit for UK private equity house Freshstream, which picked up a majority stake in the business from LDC less than two years ago.

AltAssets understands the sale will score Freshstream a roughly 4x return on its investment.

Away Resorts operates nine parks and welcomes almost 200,000 holiday-makers each year.

Freshstream said the outlook for Away Resorts continues to be strong, with record demand set for H2 2021.

CVC managing director David Wells said, “We have been hugely impressed by the success of Away Resorts’ differentiated, family-oriented holiday park proposition.

“The business is well positioned in a fragmented and growing market that benefits from strong consumer tailwinds.”

The sale is Freshstream’s second full exit from its €600m debut fund.

The firm rebranded from Bregal Freshstream last year after Bregal Investments ceased its role as its sole investor, with the firm maintaining management of portfolio businesses invested in through Fund I.

Copyright © 2021 AltAssets

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/exclusive-freshstream-seals-roughly-4x-return-selling-away-resorts-to-buyout-giant-cvc-capital.html

Private Equity

Democrat Lawmaker Oblivious as China Buys Up US Farmland, Sets Stage for Foreign Monopoly on Our Own Food Production

Published

on

Continue Reading

Private Equity

BBH follows $1.2bn fund close with Gifted Healthcare buyout to capitalise on nurse shortages

Published

on

BBH Capital Partners, the private equity arm of Brown Brothers Harriman, has completed an investment in nurse staffing companies Gifted Healthcare to capitalize on the shortage of nurses in the industry. 

 The deal followed the firm’s $1.215m final close of its sixth flagship fundraise in May.

 

Founded by registered nurses, Gifted supplies critical care registered nurses and licensed vocational nurses to healthcare providers on per diem, short term, or extended term basis.

Brad Langer, Managing Director of BBH and Co-Manager of BBHCP, said, “BBHCP is excited to partner with Gifted‘s talented, deep, and experienced management team. Transitioning CEO, P.K. Scheerle, RN, who will remain on the board, and the exceptional leadership team, have built a strong, innovative platform in the nurse staffing sector as the role of the nurse has become increasingly important in the healthcare industry.

As the growing shortage of nurses continues to create a great opportunity for best-in-class, clinically focused outsourced providers like Gifted, BBHCP is committed to supporting the GIFTED team through their next phase of growth.”

BBH raised $250m for a lower-mid-market Opportunities Fund three years ago, to complement its flagship fund investment strategy.

The firm uses that vehicle to target US companies whose development stage or capital needs are below the minimum investment thresholds for its main fund.

BBH’s fifth flagship fund was closed on $802m in 2016.

Copyright © 2021 AltAssets


PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/bbh-follows-1-2bn-fund-close-with-gifted-healthcare-buyout-to-capitalise-on-nurse-shortages.html

Continue Reading

Private Equity

KKR said to enter scrum for rugby union World Cup commercial rights

Published

on

Buyout giant KKR is reportedly the latest investor in talks with World Rugby for a potential investment in the commercia

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/kkr-said-to-enter-scrum-for-rugby-union-world-cup-commercial-rights.html

Continue Reading

Private Equity

Index Ventures hauls in hefty $2.9bn across two new funds, raises $200m for debut seed vehicle

Published

on

Index Ventures has raised a massive $2.9bn across its latest heavyweight venture capital funds, as well as another $200m

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.altassets.net/private-equity-news/by-pe-sector/venturegrowth/index-ventures-hauls-in-hefty-2-9bn-across-two-new-funds-raises-200m-for-debut-seed-vehicle.html

Continue Reading
Esports3 days ago

How to reduce lag and increase FPS in Pokémon Unite

Esports4 days ago

Coven skins for Ashe, Evelynn, Ahri, Malphite, Warwick, Cassiopeia revealed for League of Legends

Esports4 days ago

Will New World closed beta progress carry over to the game’s full release?

Aviation5 days ago

And Here’s Yet Another Image Of Russia’s New Fighter Concept That Will Be Officially Unveiled Tomorrow

Esports4 days ago

Can you sprint in New World?

Esports4 days ago

How to add friends and party up in New World

Esports5 days ago

How to complete FUTTIES Alessandrini’s objectives in FIFA 21 Ultimate Team

Esports4 days ago

How to claim New World Twitch drops

Esports4 days ago

Twitch streamer gets banned in New World after milking cow

AR/VR4 days ago

Moth+Flame partners with US Air Force to launch Virtual Reality sexual assault prevention and response training

Esports5 days ago

Everything we know about Seer in Apex Legends

Esports5 days ago

Evil Geniuses top laner Impact breaks all-time LCS early-game gold record in win over Dignitas

Esports5 days ago

What Time Does League of Legends Patch 11.15 Go Live?

Aerospace5 days ago

Boeing crew capsule mounted on Atlas 5 rocket for unpiloted test flight

Blockchain4 days ago

Rothschild Investment Purchases Grayscale Bitcoin and Ethereum Trusts Shares

Blockchain4 days ago

Uniswap (UNI) and AAVE Technical Analysis: What to Expect?

Esports4 days ago

Konami unveils Yu-Gi-Oh! Master Duel, a digital version of the Yu-Gi-Oh! TCG and OCG formats

Esports4 days ago

How to change or join a new world in New World

Esports4 days ago

Team BDS adds GatsH to VALORANT roster as sixth man before EU Stage 3 Challengers 2

Esports4 days ago

Best Akshan builds in League of Legends

Trending