Lovat Parks Sees New Ownership with Terra Firma and TPG Angelo Gordon Partnership
Deal News | May 06, 2025 | Terra Firma Capital Partners
Lovat Parks Limited, a prominent UK holiday parks operator, has been acquired by TPG's Angelo Gordon and Terra Firma. The deal includes the handover of nine holiday park sites located in scenic areas such as Cornwall, Norfolk, and the New Forest. Despite the sale, Lovat Parks founder Raoul Fraser will maintain a minority share and continue to manage operations along with his team. The new investors aim to leverage their experience in the leisure and hospitality sectors to propel Lovat Parks' growth through potential organic expansion and acquisitions. The transaction was supported by numerous advisors including Addleshaw Goddard LLP and PricewaterhouseCoopers.
Sectors
- Leisure and Hospitality
- Real Estate
- Private Equity
Geography
- United Kingdom – Lovat Parks operates its holiday sites within the UK, specifically in areas like Cornwall, Norfolk, and the New Forest.
Industry
- Leisure and Hospitality – Lovat Parks operates holiday park sites that cater to vacationers, making this industry classification relevant.
- Real Estate – The acquisition involves the ownership of real estate assets in the form of holiday park sites.
- Private Equity – Terra Firma and TPG Angelo Gordon, both active in private equity, are involved in the acquisition.
Financials
- Undisclosed – The terms of the transaction between Lovat Parks and the acquiring firms were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lovat Parks Limited | Target | Company | A leading UK holiday parks operator with nine locations. |
| Terra Firma Capital Partners | Bidding Company | Company | A European investment firm involved in the acquisition of Lovat Parks. |
| TPG Angelo Gordon | Bidding Company | Company | A platform within TPG involved in diversified credit and real estate investing, part of the acquisition team. |
| Raoul Fraser | Founder | Person | Founder of Lovat Parks who retains a minority stake and continues in management. |
| Addleshaw Goddard LLP | Legal Advisor | Company | Acted as a buyside adviser in the acquisition. |
| PricewaterhouseCoopers | Finance Advisor | Company | Advised Lovat Parks in the transaction. |