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Five-star holiday group Park Leisure packs £103m investment

Luxury holiday home group Park Leisure has packed up a £103m investment as the business embarks on new growth amid a CEO change.
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Midlothian Capital Partners (MCP) is behind the Park Leisure injection. It comes as the five-star getaway group has reached ten locations nationwide in rural and coastal areas across Northumberland, North Yorkshire, Lancashire, Herefordshire, North Wales and Cornwall.

Possessing a focus on retail and consumer-facing sectors, MCP made a key acquisition in July last year when it acquired Dobbies Garden Centres from Tesco, securing access to 35 locations across the UK.

With the next stage of expansion on the horizon, Park Leisure CEO and co-founder Gary Molloy will stand down after two decades at the helm. This will make way for fellow Park Leisure co-founder Miles Dewhurst to take charge.

“After 19 dedicated years I have decided to take a back seat and exit the business over this coming season,” said Molloy. “With 10 parks across the UK and a clear focus on quality, we have built a unique offering for our holiday home owners.

“As I leave I’m delighted to know that Park Leisure will not only be in the safe hands of Miles and his team, but will have the stewardship of MCP who clearly know this sector very well.  I wish the team the very best for the future.”

Dewhurst noted that MCP’s investment will secure long-term growth for Park Leisure, which will see the business develop sites, services and standards.

The company claimed that amid Brexit and reduced rates for currency exchange, staycations are a high priority for holidaymakers.

Andrew Bracey of MCP and chairman-designate of Park Leisure, said: “The parks and teams in place are of the highest quality and we look forward to providing long-term support to Miles and his management team to grow Park Leisure further.

“The business has an unparalleled reputation for giving its customers a luxury five-star experience and there is an exciting opportunity for future growth of the business across the UK.

“We are delighted to have been selected by Gary and Miles to invest in Park Leisure for the future. It has been a pleasure dealing with the management team and we wish Gary every success going forward.”

 

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Zen Terrelonge

Zen Terrelonge is the deputy editor of Real Business, specialising in media, innovation, technology and the digital sector. A media professional with eight years worth of experience he has worked for both startup and established publications.

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