Travers Smith LLP has advised management on the acquisition by Onex of Parkdean Resorts.
Parkdean Resorts was created through the 2015 merger of Parkdean Holidays and Park Resorts creating the UK's sector leading holiday park business with 73 holiday parks across England, Scotland and Wales, selling more than 500,000 holidays and short breaks a year. The business employs over 6,000 staff during the peak holiday season.
The transaction is subject to FCA approval and is expected to close in the first quarter of 2017.
The Travers Smith team was led by private equity partner Adam Orr, supported by corporate associates Jeremy Dennison, Katie McGarry and James Sherlock.
Onex was advised by Latham & Watkins.