2 months ago
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The French infrastructure capitalist Antin is muscling successful connected the booming involvement successful marina assets arsenic it nears a woody to bargain the British institution Aquavista.
Sky News has learnt that Antin Infrastructure Partners is successful exclusive negotiations to get Aquavista, which owns much than 30 marinas astir the UK.
Aquavista has been owned by LDC, the backstage equity limb of Lloyds Banking Group, since 2018.
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The institution operates much than 5,000 marina berths crossed its portfolio, making it 1 of the largest specified companies successful Britain.
Sources said the sale, if completed, would worth the institution astatine good implicit £150m.
The exclusive talks person emerged conscionable days aft Boatfolk, a competitor, was sold to Premier Marinas, which is backed by the Wellcome Trust.
Aquavista has bulked up successful caller years done a bid of acquisitions, including the acquisition of Castle Marinas, which owned the location of the Crick Boat Show arsenic good arsenic the Birdham Pool Marina astatine Chichester Harbour.
The latest deals successful the UK marinas assemblage travel amid a flurry of firm enactment involving US-based peers.
Earlier this year, Blackstone, the backstage equity giant, paid $5.6bn to bargain Safe Harbor Marinas, America's biggest marina group.
LDC has been contacted for comment, portion Antin declined to comment.
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