Park Place Corporate Finance

Independent advice for the independently minded

Swift

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

In 2018 the second phase of the MBO was completed and PPCF acted as lead advisor to Swift.  PPCF led the structuring of the deal and the raising of the debt finance that assisted in the funding of the transaction.

Back

© copyright Park Place Corporate Finance Ltd. All Rights Reserved.

Website by DS.Emotion