Verdant Leisure

Verdant currently operates four holiday parks based in Southern Scotland and North East England with more than 2,100 pitches, comprising of privately owned lodges and holiday homes, holiday lettings and touring facilities.

We provided an £8m Second Lien Facility to support the acquisition of Verdant Leisure by Palatine Private Equity and its management team. The investment was alongside Yorkshire Bank, that provided senior and working capital facilities to support the acquisition by Palatine.  A further £2m was provided to support bolt-on acquisitions during 2016.

Gary Tipper, managing partner, Palatine Private Equity, said: “We found Tosca Debt Capital to be both innovative and flexible in their approach, which helped us execute the Verdant acquisition. Subsequently they have delivered additional funding to support our buy-and-build strategy and we value the local relationship and the professionalism which they have displayed.”

Gary Davison, partner at Toscafund, added: “We’re delighted to have been able to support Palatine in the acquisition of this established, profitable and well-run business. This is an excellent example of a high quality deal having been sourced, advised on and funded out of the North West region.”

SectorLeisure

LocationLancaster

Deal typeSecond Lien Facility

Deal dateApril 2016

Deal amount£10million

SponsorPalatine Private Equity

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Tosca Debt Capital LLP (“TDC”) is an Appointed Representative of Toscafund Asset Management LLP which is authorised and regulated by the Financial Conduct Authority (“FCA”) and registered with the U.S. Securities and Exchange Commission as an Investment Adviser. Tosca Debt Capital LLP is a company registered in England and Wales. Registered number: OC414014