Shoosmiths advises on multi-million pound merger
Shoosmiths has advised on the merger of Northamptonshire based Prestige Park & Leisure Homes Limited and Homeseeker Park & Leisure Homes Limited, two of the UK’s leading names in the leisure lodge and park residential manufacturing industry, as part of a multi-million pound refinancing deal.
The merger is backed by a £13 million investment from Praesidian Capital as well as additional inward investment from major shareholders and the management team that will facilitate the ambitious plans for growth.
The merged group will continue to trade under their separate Prestige and Homeseeker brands, enabling them to keep their commercial identity in the successful UK leisure market.
The Shoosmiths corporate team was led by partner Sanjeev Sharma (pictured).