Caravan Park firm is bought in £100m deal

A company which owns holiday parks in one of Lancashire’s top beauty spots has been snapped up by an investment giant. Legal and General Ventures, the private equity arm of the national insurance firm, has acquired South Lakeland Caravans Ltd in a deal believed to be worth in excess of £100m. The group owns nine … Continued

Drinks all round

Drinks all round Soft drink supplier Cabana Drinks, part of Vimto maker Nichols in Newton-le-Willows, has sold its northern distributorship in a management buyout backed by a £500,000 package from GE Commercial Finance. Cabana managing director Terry Bates, who has run the business for seven years, and his wife have bought the distributorship through a … Continued