Park Place Corporate Finance

Independent advice for the independently minded

Swift

£50m Shareholder Exit | £N/D Acquisition | £96m Vendor-Initiated Management Buy-Out

Swift

Swift is the UK’s leading manufacturer of both touring caravans and of motor homes, and owns many of the leading brands in the sector. It also has a significant market share in the manufacture of holiday homes. 

PPCF was introduced to Swift at a time when there was an extended family shareholder base, some of whom were no longer actively involved in the management of the business. PPCF devised, structured and led a reorganisation of the share capital which involved the buyout of some minority shareholders and the concentration of the equity in the hands of key executives, both family and non-family. The funding required was provided from the company’s balance sheet.

PPCF subsequently advised Swift on its acquisition of Autocruise Motorhomes.

By 2012 the shareholders wished to step back from full-time management of the business.  PPCF acted as lead advisor on this transaction, devising and implementing a solution whereby the shareholders partially exited but also acted as a private equity house in funding an MBO.

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