Swift is the UK’s leading manufacturer of both touring caravans and of motor homes, and owns many of the leading brands in the sector. It also has a small but growing presence in the manufacture of holiday homes.
PPCF was introduced to Swift at a time when there was an extended family shareholder base, some of whom were no longer actively involved in the management of the business. PPCF devised, structured and led a reorganisation of the share capital which involved the buyout of some minority shareholders and the concentration of the equity in the hands of key executives, both family and non-family. The funding required was provided from the company’s balance sheet.
PPCF subsequently advised Swift on its acquisition of Autocruise Motorhomes and is retained as corporate finance advisor to the business.
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