29 February 2024 - Limerston Capital LLP (“Limerston Capital”) is pleased to announce that Limerston Capital Partners II, L.P. portfolio company Largo Leisure Holidays has acquired holiday park Campsie Glen, a further bolt-on investment in its acquisitive-driven growth plan.
Campsie Glen is located in Stirlingshire close to Loch Lomond and the Trossachs with over 200 pitches and planning permission in place for further development. The combination of glamping, static and touring pitches fits well with the Largo proposition and will benefit from the operational synergies of working together with the other Largo parks.
Limerston acquired Largo Leisure in March 2022 and made significant investment in the business operations as well as upgrading the portfolio. Cruachan Farm at Loch Tay was also acquired in June 2023.
Andrew Howe, Chairman of Largo Leisure said, “We are delighted to welcome Campsie Glen to the Largo Leisure portfolio and believe that the park has great potential for further development and improvements. It will also benefit greatly from the synergies offered by working with our other parks.”
Mirza Delibegovic, Partner of Limerston Capital said, “The acquisition of Campsie Glen is a great next step in our acquisitive growth strategy. Having set the groundwork over the past two years with significant investment in the operational side of the business we are well on our way to growing into a much larger business with parks across the country.”
For more information, please contact:
Martim Avillez, Limerston Capital Founding Partner
martim.avillez@limerstoncap.com +44 (0)203 897 1860
Media:
Caroline Villiers cvilliers@keplercomms.com +44 (0)7808 585184
Charlotte Balbirnie cbalbirnie@keplercomms.com +44 (0)7989 528421
About Limerston Capital
Founded in 2015 by James Paget, João Rosa and Martim Avillez, London based Limerston Capital pursues control investments in UK mid-market companies and seeks to create value through the firm’s buy-and-build and operationally focused model. The firm targets businesses with EBITDA of between £5 million and £15 million that have a solid value proposition, but have potential for operational improvements, have mispriced underlying returns on capital and provide opportunities for strategic repositioning via consolidation.
About Largo Leisure
Largo Leisure, offers self-catering lodge and caravan holidays across Scotland with units ranging from glamping pods to large-scale premium lodges and a mix of owned and rental properties. The five existing parks are in premium locations, with proximity to large urban centres.