Top 100 UK law firm Birketts has acted as legal advisor to the Lifestyle Homes Group, securing a £100m term loan facility agreement and the simultaneous acquisition of a UK target in the caravan and holiday park industry Exclusive Luxury Lodges Limited.
The Birketts team was led by Partner James Allen (Corporate), supported by Partner Alex Schaafsma (Banking and Finance), Partner Gavin Acheson (Commercial Property), Legal Director Nick Pickersgill (Commercial Property), Associate Corinne Spencer (Corporate) and Solicitor Patrick McCoy (Banking and Finance).
The loan facility was provided by a pan-European, independent investment firm, which invests in European asset-backed special opportunities.
Speaking after the deal, Partner James Allen commented: “This loan facility agreement will be instrumental in expanding Lifestyle Homes Northern Ireland; we at Birketts are delighted to see this completed and look forward to working together in the future. Our Corporate Team works closely with other teams across our firm, which means complex transactions such as this are handled by experts in their field from start to finish. We are sure his latest round of funding will push Adrian and the team to even greater heights.”
Lifestyle Homes Group Director, Adrian Gleave, added: “James and the Birketts team were pivotal in securing this latest funding and driving our business towards our goal of building a residential and holiday caravan park portfolio of more than £250m. Their capacity to ensure every aspect of the process was handled smoothly and their clear legal advice at every stage makes them a vital asset.”