LDC realises investment in forest holidays firm
Mid-market private equity firm LDC has realised its investment in a company which offers cabin holidays across the UK through a merger with Sykes Holiday Cottages.
To date, Derbyshire-based Forest Holidays has invested more than £100m into Britain’s forests, increasing recreational use, improving facilities and creating and maintaining trails.
The company has 12 forest locations with a number in national parks, including Loch Lomond and Trossachs National Park in Scotland.
Bruce McKendrick, chief executive of Forest Holidays, said: “Forest Holidays has always sought to balance social, environmental and economic benefit.
“The benefits we bring to physical and mental wellbeing are more important than ever and in Sykes we have found a partner who shares this ethos. They also recognise the importance of our long-term partnership with the Forestry Commission and our shared objective to offer holidays that are good for people, good for nature and good for the environment.
“I’m grateful for LDC’s long-term support and for backing our plans to continue to invest in our locations throughout the pandemic.”
LDC first invested in Forest Holidays in 2012 and has supported the management team with its growth plans. During the partnership, the company has opened five new locations across the UK.
David Bains, partner and head of East Midlands and East of England at LDC, added: “Forest Holidays is a real East Midlands success story. From their head offices in Derbyshire, Bruce and his team have sensitively developed the UK’s leading provider of cabin holiday experiences at some of the nation’s most astounding locations of natural beauty.
“We’re proud to have played a part supporting their expansion over the last ten years.”
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