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Browne Jacobson advises LDC on secondary buyout of Neilson Active Holidays

3 August 2018

Browne Jacobson’s award winning corporate finance team have advised mid-market private equity specialists LDC on the secondary management buyout of Neilson Active Holidays for an undisclosed consideration.

The deal will see Risk Capital Partners exit the business whilst LDC’s Richard Whitwell and David Bains will join the board. The management team will continue to be led by current CEO David Taylor and Chairman Richard Bowden-Doyle, who joined the business back in 2013.

Brighton based Neilson Active Holidays has grown to become one of the UK’s leading providers of watersports and on-shore activity holidays across Europe.

LDC, the private equity arm of Lloyds Banking Group, has significant experience and expertise in the travel sector and this latest deal marks its 13th investment this year.

Richard Whitwell, head of the East Midlands at LDC, said: “In line with the growing health and wellbeing trend, we are seeing an increasing number of people look to activity-focused holidays for relaxation and recuperation. As the leading player in the activity holiday market for adult and families, Neilson is perfectly-placed for expansion.

“Richard and David are both highly experienced operators and we look forward to working with the team to support their continued ambition.”

The Browne Jacobson team was led by Mark Hughes alongside Gavin Cummings, Rachael Russell, Ryan Brown (corporate) and Shaun McCabe & Melanie Chisnall (banking).

Mark Hughes, corporate finance partner at Browne Jacobson, added:

“The highly experienced management team at Neilson alongside LDCs strong credentials in the sector and significant investment makes for a formidable partnership and gives the business an excellent platform on which to pursue its long term growth plans.”

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