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Legal & General Capital sells ABI Group

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Staff writer ▼ | May 23, 2016
Selling   CBPE Capital is expanding

Legal & General Capital (LGC), has sold, through LGV Capital, its majority investment in ABI Group (ABI) to CBPE Capital. Terms of the transaction have not been disclosed.

ABI is a manufacturer of caravan holiday homes and one of the most highly regarded and established brands in the caravan holiday home industry.

The company manufactures its caravan holiday homes in Beverley, East Yorkshire where it employs over 400 people. ABI is the second largest supplier into the UK market by volume and supplies all of the major holiday park groups, as well as smaller groups, independent parks and a number of dealerships in the UK market.

ABI’s Chief Executive, Mel Copper said: “The board of ABI is pleased to announce CBPE’s investment in ABI, alongside the Company's management team. This is an excellent result for all parties.

“For our former partners it provides a successful cash exit and we are delighted that CBPE, who like LGV, have a strong pedigree in the sector, have agreed to support the business in the next stage of its development.

“We would like to thank LGV for their support over the past four years and look forward to a successful relationship with our new investors.

“We look forward to continuing to develop the business and building on our position as one of the UK’s leading caravan holiday home manufacturers”.

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