Armstrong has provided commercial due diligence for LDC’s acquisition of summer and winter activity holiday operator Neilson Active Holidays.
The business operates a range of activity-focused holidays across seven countries in Europe where it operates beachclubs, ski hotels and chalets as well as 65 yachts, exclusively for its guests who number almost 80,000 every year.
In recent years Neilson has successfully capitalised on the increasing demand for activity and wellness holidays at the premium end of the market. LDC’s investment will be used to open new hotels and extend the range of countries in which the business operates, as well as providing further backing for strategic acquisitions.
Armstrong surveyed over 3,000 of Neilson’s customers, including in-depth interviews with over 250 customers, suppliers and market participants.
This is Armstrong’s seventh travel transaction in the last 12 months, including MML Capital’s investment in Travel Department, Mobeus Private Equity’s Ski Solutions and Bridgepoint/Cruise.co’s acquisition of Kreuzfahrtberater.