Capfun announce their expansion into the UK holiday market by purchasing Lakeshore Leisure Group via its subsidiary Capfun UK Ltd from Kings Park Capital and management.
Lakeshore Leisure Group (LLG) and the three Devon sites it operates - Clawford Lakes near Holsworthy, Lakeview Manor near Dunkeswell and Otter Falls near Honiton - have been sold by Kings Park Capital (KPC) to the European campsite group Capfun.
Lakeshore Leisure is a developing UK leisure brand offering quality self-catering holiday rental cottages, lodges and alternative accommodation, plus country manor hotel and privately owned lodges.
Capfun has grown at an ever-increasing pace from purchasing its first park in France in 2001 to now operating 152 parks in France, 14 in Netherlands, 6 in Spain, 2 in Belgium and 1 in Italy.
We have studied the UK market for quite a while with a view to enter, we felt that LLG was a perfect fit and will kick start our growth in the UK with a unique offering designed for the UK consumer, where we feel that there is a significant opportunity to become one of the first pan European park operators, with these three parks adding to the 175 parks we already operate. As a family business we plan for the long term and we will continue to work very closely with the local community to each park, as that relationship brings significant employment opportunities and helps drive the local economy.
Nicolas Houe, CEO, Capfun
We cannot wait to accelerate the growth of LLG and continue the great work of the team led by Stephen, we are already planning to significantly uplift the level of capital invested to increase both the facilities and number of lodges for hire. This will be the first of many acquisitions to enable Capfun to have a pan UK Lodge holiday business, targeting a range of consumers from families, couples and groups of friends via our own website and call centre as well as with our strategic distribution partner Hoseasons via Luke Hansford. […] Having the backing of a family-owned business allows us to be far more agile in our approach and with this we will acquire and grow very quickly in the coming months and years to become a large and quality lodge park operator in the UK.
Pali Badwal, CEO, Capfun UK Ltd
