LGV Capital has completed the management buy-out of Beverley, Yorkshire-based ABI (UK) Group Limited, a manufacturer of caravan holiday homes focusing on the UK holiday parks market.
The business employs approximately 300 people.
LGV has backed and will support the existing management team – led by CEO Mel Copper, and including Richard Jones, Dean Hague, Paul Clackstone and Stephen Hardaker – to continue to grow the business over the coming years.
The business today employs approximately 300 people.
According to a written statement, the transaction provides a successful cash exit to Barclays Ventures.