Private equity partner, Helen Croke, has led a Travers Smith team in advising long-standing client Bridgepoint Development Capital on the sale of Siblu, the largest operator of holiday parks in France, to Stirling Square Capital Partners for an undisclosed sum.
Siblu owns and operates a portfolio of large, high-end holiday parks located in attractive tourist areas in France. The investment in Siblu was originally made by Hermes Private Equity but was managed by Bridgepoint Development Capital.
Under the ownership of Bridgepoint Development Capital, the business has pursued an accelerated growth strategy to become a leader in its field. The company currently has 15 camping and caravan holiday villages across France, with facilities ranging from luxurious mobile home holiday accommodation to sports activities, evening entertainment and bars and restaurants.
Travers Smith’s team was led by private equity partner Helen Croke who was supported by corporate associates Gemma Phillips, Ed Pike and Tom Hartwright, tax partner Simon Skinner and tax associate Andrew Callaghan. Bridgepoint Development Capital was also advised by Canaccord (M&A).