Barclays Corporate today announced that it has acted as sole arranger for a new £60 million finance facility for Haulfryn Group, one of the UK’s largest owners of prestigious holiday and residential parks.
Haulfryn Group is a 75-year old family owned company which operates 35 sites of the highest quality located in some of the most stunning locations in the UK. Hugely popular with North West holiday makers who will be familiar with sites such as The Warren in Abersoch, the place where the Minoprio family business started from such small beginnings back in 1935.
The finance facility was arranged by Andrew Meadowcroft, Relationship Director and Glenn Clarke, Director, Debt Finance at Barclays Corporate in Manchester. DLA advised Barclays Corporate, with KPMG and Tozers advising the company.
Andrew Meadowcroft, Relationship Director, Barclays Corporate in Manchester said, “Having been in regular dialogue with the management team for the past 4 years I am delighted to have been able to provide all of their funding requirements for this next phase of their development. This is a great example of how Barclays are bringing together the various parts of the businesses to support our client’s interests and our strong appetite to provide funding to quality businesses in the region. Haulfryn are a market leader in their sector and Barclays looks forward to helping them deliver further success.”
Stephen Minoprio, Chairman, The Haulfryn Group said, “The new facility underpins the quality of our parks and robustness of our business model. It will provide a stable platform to deliver our five year plan and give our team members confidence in the development of our business. I would like to thank Barclays and our advisers for the professionalism and expediency in achieving this new partnership.”