Praesidian Capital Europe Successfully Exits £13 Million Investment in Prestige and Homeseeker Park & Leisure Homes
Praesidian Capital Europe (“Praesidian”), a leading provider of long-term growth capital in the United Kingdom and Northern Europe, announced today it has successfully exited its £13 million investment in Prestige and Homeseeker Park & Leisure Homes (the “Company”), the two leading brands in the UK leisure lodge and park residential manufacturing industry.
Silvano Geranio, Shareholder and Founder of Prestige, commented, “Our partnership with Praesidian enabled us to bring together two excellent businesses under one roof and back an experienced management team. The result has well exceeded our expectations and set the stage for new business and product development.”
Rupesh Patel, Investment Director of Praesidian Capital, stated: “We are delighted to have supported management through another non-sponsored buyout in a fast growing sector. We are pleased to have taken part in the growth story and to have driven substantial value creation for investors along the way.”
Praesidian continues to actively invest capital into lower middle market companies with a strong pipeline of new investment opportunities.
About Prestige and Homeseeker Park & Leisure Homes
Prestige and Homeseeker Park & Leisure Homes are leading UK-based manufacturers of high quality park homes and lodges for the residential and leisure market. With origins dating from 1987, the Company currently employs over 400 people at its manufacturing sites in Kettering and Rushden. The Company’s customers are residential and leisure site owners across the UK.
About Praesidian Capital Europe
Praesidian Capital Europe is an innovative private investment firm focused on providing senior and subordinated growth capital to established lower middle market businesses in the United Kingdom, Germany, and selectively in Northern Europe. Established in 2013 and based in London, Praesidian invests in private small and mid-sized companies, often in connection with management buyouts, recapitalizations or refinancings. Praesidian Capital manages nearly $1 billion in committed capital through various funds. For more information, visit www.praesidian.com.
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