Cripps advise New Romney Holiday Park on its acquisition by The Family Parks Group
Cripps has advised long-standing client, New Romney Holiday Park Limited and its shareholders on a group reorganisation and subsequent sale of the entire issued share capital to The Family Parks Group.
New Romney Caravan Park, an 11 acre caravan and camping park nestled amongst the Kent Marshes and only 300 yards from Greatstone Beach is a successful family-owned business welcoming motorhomes, touring caravans, tents, static caravans offering family fun and leisure pursuits by the sea.
The Family Parks Group offer a range of holiday parks nestled in the beautiful English countryside with nine farm and park locations in Dorset, Kent and Norfolk.
This substantial project involving a large team from Cripps was led by Lowri Jones, and included Lorraine Reynolds and Lauren Manwaring (corporate), Sally Ashworth, Rachel Holdaway and Megan Pitt (real estate) and Camilla Beamish (employment). In addition, Katie Haylock led two demergers for the family and the pre-sale group restructuring included Katie and Meg Harold working closely alongside New Romney Holiday Park’s financial and tax advisors, Grant Thornton UK. The trading business (the caravan park) was separated from other non-core assets owned by the company by way of a reduction of capital demerger. The Cripps’ team worked together to project manage the various aspects of this complex transaction through to completion.
Commenting on the transaction, Sian Hunter, said: “As a long-standing client of Cripps, they really understood our business and we value the ability to navigate the intricacies of the group reorganisation and sale process. I wouldn’t hesitate to recommend Cripps to other business owners looking to sell.”
For more information about how Cripps can support your business, please contact a member of the corporate team.