Travers Smith LLP has advised longstanding client Equistone Partners Europe ("Equistone") on its investment in the Willerby Group. Equistone has acquired a majority stake in Willerby investing alongside management.
Founded in 1946 and headquartered in Hull, Willerby is the UK's largest manufacturer of static caravans and lodges, generating an annual turnover of £155 million, producing 70 different models across 23 ranges of products and employing c.900 people.
The Travers Smith team was led by Private Equity partners James Renahan and Will Yates, with corporate associates James Parker, Sally Hirst and Max Conway. Tax advice was provided by Tax Partner Russell Warren and finance advice was provided by Finance Partner Andrew Gregson.
Equistone were also advised by Lincoln International, OC&C, PWC and EY. The sellers of Willerby were advised by DLA Piper. Management were advised by CMS.