DWF advises YFM Equity Partners as it backs the MBO of Cambrian Park and Leisure Homes

National law firm DWF has advised YFM Equity Partners, one of the UK’s most active investors in small businesses, as it has invested £3million in the management buy-in and buy-out of Cambrian Park & Leisure Homes Ltd, which designs and makes timber holiday lodges for the UK holiday park market, together with its sister company, Cambrian Kitchens. Shawbrook Business Credit is providing a £4million working capital facility to the business to facilitate growth.

Cambrian, Wales’ largest holiday lodge builder, is responsible for over 120 people, who design and build lodges across 15 product ranges, and over the last two years has increased its turnover by over 30% through winning new contracts with a wide range of holiday park operators and the success of the popular “Plantation” model. It is expected to report a turnover in excess of £9million for 2014. Richard Watson, who originally purchased Cambrian in 2007 with Esme Watson, will retain an investment in the company and continue as a consultant to the business.

Martin Leppard, a former director of Holidaybreak and MD of International Life Leisure Group, is investing in Cambrian and joining the business as Executive Chairman. Richard Davies, former Financial Controller at Ultraframe, will join as Operations and Finance Director, while existing National Accounts Manager Helen Scott completes the management team, becoming Sales Director.

Deborah Heyes, Investment Director at YFM Equity Partners, said: “This is our tenth new investment in a year, taking our total invested to over £35 million. We are delighted to add the investment in the new management team for Cambrian Park and Leisure Homes. 2015 is set to be a strong year for growth in the UK leisure sector and we believe Cambrian is well placed to take advantage of the growing holiday home market. We look forward to working with Martin, Richard and Helen as they take Cambrian to its next stage of transformational growth.”