Travers Smith LLP has advised management on the sale of Forest Group Holidays Limited (Forest Holidays) by LDC to Phoenix Equity Partners.
Forest Holidays owns and operates secluded eco-cabins and treehouses on nine sites across Britain’s National Forests, with a further two in development in Snowdonia and the Brecon Beacons. On completion of those two sites, over half of its locations will be within National Parks.
Phoenix Equity Partners will acquire a controlling interest in Forest Holidays and will replace the current majority shareholder, funds affiliated with LDC, who brought a majority stake in the business in September 2012. Following completion of the transaction, the Forestry Commission, LDC, and the management team will each retain significant minority stakes.
The Travers Smith team was led by Head of Private Equity Paul Dolman, Tax Partner Kathleen Russ, Senior Corporate Associate William Young and also included Corporate Associate Natasha Cheung and Tax Associate Angela Tang.