Kings Park Capital exits Lakeshore Leisure Group achieving an IRR of 46%

• LLG was created in July 2019 when KPC partnered with its CEO, Stephen Twiss, to acquire under-invested and undermanaged domestic holiday parks
• LLG, with the support of KPC, has bought four UK sites across Devon
• Under KPC’s ownership, LLG’s revenues grew at a CAGR of 51% and EBITDA grew at a CAGR of 77%.

Kings Park Capital (KPC) announced it has exited Lakeshore Leisure Group (LLG) to a new UK subsidiary of Capfun, a pan-European operator of 175 family-focused holiday parks and campsites. The exit to Mouans-Sartoux-headquartered Capfun delivers a money multiple of 3x and an IRR of 46% for KPC’s investors.

LLG was created in July 2019 when KPC partnered with its CEO, Stephen Twiss, to acquire under-invested and undermanaged domestic holiday parks.

With the backing of KPC, LLG has bought four sites in Devon, England. The first two sites, Otter Falls and Clawford Lakes, were acquired at the same time in 2019, with Lakeview Manor following the first two acquisitions in early 2020. In 2022, LLG agreed an option to buy Clovelly Falls. Under KPC’s ownership LLG’s revenues grew at a CAGR of 51% and EBITDA grew at a CAGR of 77%.

“With proven organic growth opportunities and the ability to transform existing and greenfield sites, the business represents an excellent platform for developing a leading player in the domestic holiday market, and we are proud to have played a role in launching the business alongside Stephen Twiss,” said Artjom Dashko, partner at KPC.

KPC is a London-based private equity firm that invests in the European leisure sector. Since inception KPC has raised over £130 million ($146 million; €149 million) of committed capital across two funds.