6 May 2025
TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG (NASDAQ: TPG), and Terra Firma, a leading European investment firm, today announced they have acquired Lovat Parks Limited (“Lovat Parks”), a leading UK holiday parks operator. Terms of the transaction were not disclosed.
Lovat Parks is an award-winning provider of premium holiday homes and luxury lodges, offering visitors an outdoor escape in some of the UK’s most picturesque natural settings. Founded in 2018 and a certified B Corp operator, Lovat Parks owns and operates nine freehold holiday park sites across prime UK holiday destinations including Cornwall, Norfolk and the New Forest. Lovat Parks’ founder Raoul Fraser will retain a minority stake and continue to operate the business with the existing management team.
“As we enter this new, exciting chapter for Lovat Parks, I am incredibly proud of the company our team has built and the countless memories we continue to create for our guests,” said Lovat Parks Founder and Managing Director Raoul Fraser. “Our management team looks forward to leveraging the strengths of our new partners, TPG Angelo Gordon and Terra Firma, to continue our recent growth and offer a home away from home for even more UK holiday-goers.”
Mike Diana, Managing Director at TPG Angelo Gordon, said, “Our investment in Lovat Parks builds on our recent history in the European leisure and hospitality sectors, as well as our direct experience in the UK residential and holiday park markets. We are impressed with Lovat Parks’ unique portfolio and operational excellence and look forward to working with Raoul, his talented team, and Terra Firma to grow the company organically as well as through acquisitions.”
“Lovat Parks operates some of the highest quality holiday parks in attractive destinations around the UK, in a sector that has proven resilient and durable,” said Richard Hands, Managing Director of Terra Firma. “Through our partnership with TPG Angelo Gordon, we are excited to bring our operational and strategic expertise in multi-site asset-backed businesses to deliver on the company’s ambitious growth plans.”
Addleshaw Goddard LLP, Deloitte, TFT, Waterman, Marsh, Savills and Goodwin Procter LLP acted as buyside advisers, while Macfarlanes LLP, Burness Paull LLP, Saffery Champness, Laister Planning and PricewaterhouseCoopers advised Lovat Parks.
–ENDS
Lovat Parks: https://lovatparks.com/
About TPG
TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $246 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities. For more information, visit www.tpg.com.
About Terra Firma
Terra Firma is an investment firm with a 30-year track record of investing in transformational private equity, operational real estate and infrastructure plus. Since 1994, Terra Firma has invested €18 billion in 40 businesses across 25 sectors with an aggregate enterprise value of over €51 billion. For more information, visit www.terrafirma.com.
Media Contact
For TPG Angelo Gordon:
Katherine Segura
media@tpg.com
For Terra Firma:
Gina Magnin
communications@terrafirma.com