Risk Capital Partners LLP (“Risk Capital”) has today sold travel business Neilson Active Holidays (“Neilson”) to LDC. The investment was originally made in 2013, when Risk Capital backed David Taylor and Richard Bowden Doyle, together with incumbent management Pip and Pete Tyler, to acquire Neilson from Thomas Cook plc.
Luke Johnson, chairman of Risk Capital, said: “Neilson is a wonderful business run by great people. It has been transformed under the leadership of David, Richard, Pip, Pete and their colleagues. During our ownership we added new beachclubs, more activities, improved hospitality and revolutionised the marketing. We have also repositioned the ski offer and upgraded the winter accommodation. Neilson has huge customer loyalty and provides a highly differentiated experience. It has proved an outstanding investment for us. We wish the Neilson team every success for the future with their new financial partners.”
David Taylor, CEO of Neilson, said “We’ve built a great business, but couldn’t have done it without the support and contribution of Risk Capital Partners. They saw our potential, backing us all to deliver and were hugely supportive and constructively challenging throughout the journey.”