Praesidian Capital Europe has invested £13 million in Prestige and Homeseeker Park & Leisure Homes to support their merger and capitalize on growth in the UK leisure and residential park home markets.

Target Company Overview

Prestige and Homeseeker Park & Leisure Homes are preeminent manufacturers based in the UK, specializing in high-quality park homes and lodges tailored for both the residential and leisure markets. Founded in 1987, the Company has since established a solid reputation, with a workforce of over 400 employees operating from manufacturing locations in Kettering and Rushden. The Company caters to a diverse clientele that includes residential and leisure site owners across the United Kingdom.

Industry Overview in the UK

The UK leisure market has seen substantial growth over the past decade, primarily driven by evolving consumer preferences. An increasing number of British holidaymakers are opting for "staycations," leading to significant investments aimed at enhancing facilities in the country's 5,500 leisure parks. The surge in domestic tourism is indicative of a broader trend favoring local holidays over international travel.

Simultaneously, there has been a marked rise in demand for residential park homes, fueled by factors such as an aging population and a shortage of traditional housing. T