Piperdam Golf and Leisure Resort sold
to Coppergreen Developments for £25million
FROM GOLF BUSINESS NEWS
Piperdam
Colliers International’s specialist holiday parks team (Edinburgh
office) has secured the sale of the 600 acre Piperdam Golf and Leisure
Resort, Dundee.
Piperdam is one of Scotland’s premier leisure resorts
offering 77 high quality holiday lodges, 27 holes of championship golf
course and an outstanding wedding and conference venue.
The business was founded in 1989 by the sellers and has been acquired
by Coppergreen Developments Ltd, a progressive UK holiday park
operator, who have secured a £25m funding package from Business Growth
Fund, the long-term equity investment company backed by five of the UK’s
main banking groups, and HSBC to support the acquisition.
The funding
package will support the addition of 28 lodges and also the further
provision of outdoor pursuits including mountain bike trails and quad
biking.
Coppergreen was founded by husband and wife David Copley, CEO and
Donna Copley, FD, and Richard Sidi, who will retain a non-executive role
going forward. Sam Wall, who has previously worked with the Coppergreen
team managing a portfolio of nine parks, will join as commercial
director.
As part of the investment, non-executive chairman Steve Brown,
a founding director of Center Parcs UK and a former non-executive
director at Forest Holidays will join the board alongside Barry Jackson,
who led the deal for BGF, supported by Mike Clarke.
Lodges at Piperdam Golf and Leisure Resort
“Holiday and leisure parks of this size, quality and trading record
rarely become available and it was no surprise that it attracted a
progressive operator such as Coppergreen and indeed ticked all the boxes
of BGF’s investment criteria,” said Richard Moss, Head of Colliers
International’s Parks team, who advised the sellers on the sale. He
continued:
“It is great to see this level of investment in Scotland’s
tourism and leisure sector which shows great confidence in the product,
the area and the sustainability of Scotland’s tourist pull.”
The sellers were also advised by the specialist teams at Harper Macleod solicitors and Findlay & Co Chartered Accountants.
David Copley, CEO at Coppergreen Developments Ltd, added: “We are
really excited by this acquisition and look forward to continuing the
high standards of the business at Piperdam. We are focused on
thoughtfully and sensitively expanding the site so that even more
holidaymakers can enjoy first-class accommodation in beautiful
surroundings. We are delighted to have received further support from our
bank, HSBC, and to be entering into a new partnership with BGF as we
implement our growth plans.”
Piperdam Golf and Leisure Resort www.piperdam.com
Colliers International www.colliers.com
Labels: GOLF NEWS
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