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Follow on Google News | KBS Corporate advise on BIMBO of Cambrian Park & Leisure Homes LtdBy: KBS Corporate Cambrian is one of the UK’s fastest growing and leading manufacturers of luxury Holiday lodges and Park Homes, having increased its turnover by 30% over the last two years. Cambrian is recognised as having a strong product offering and being a well-established UK brand for quality holiday lodges with 2014 turnover expected to be in excess of £9m. Purchased by Richard and Esme Watson in 2007, the Company together with its sister company Cambrian Kitchens is based in the North Wales harbour town of Porthmadog. Cambrian is responsible for over 120 people designing and building holiday lodges that range from its popular “Plantation” The BIMBO was backed by YFM Equity Partners, one of the UK’s most active investors. YFM has invested over £35 million in 10 new investments so far in 2014. A number of factors attracted them to Cambrian, including the reputation and focus on quality, attractive margins, strong order book driven by the growing popularity of the holiday home market, and significant growth potential expected in the UK leisure sector throughout 2015 and beyond. Anthony Richardson, advising for KBS Corporate Finance, said “From the outset of the transaction Richard was clear about what qualities he was seeking from an acquirer and about his desire to pass control of the business to a partner that would secure the company’s presence in Porthmadog and continue to invest in the growth of the business. Once Richard had selected YFM as the favoured equity partner we worked with them to supplement the existing management team and structured a deal that allowed Richard to retain an equity stake and continue to provide consultancy services to the company.” End
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