Sale of Willerby
In June 2017, Caird successfully exited its investment in Willerby via a secondary buy out backed by Equistone.
At the time of the transaction, Willerby was manufacturing approximately 70 different models of static caravans and lodges across 23 product ranges at a variety of price points. The Company is the largest provider of static caravans and lodges in the UK, serving the retail and fleet markets through its strong and extensive national dealer network and long-standing relationships with holiday park operators. Under Caird’s ownership Willerby also opened the Willerby Innovations division which manufactures bespoke leisure and housing accommodation for both existing and new customers.
The strong fundamentals of the industry including a strengthening ‘grey pound’ driven by demographic change and increasing demand for staycations have supported growth in the market and demonstrate that the business is very well placed for future growth.