Barclays, RBS, JP Morgan back new £960m leisure giant

Barclays, Royal Bank of Scotland and JP Morgan are planning to provide a £550m refinancing and acquisition facility to the newly proposed £960m Park Resorts Group, which will become the largest holiday park operator in the UK. Park Resorts is to be formed by a merger of Electra Private Equity’s existing portfolio of UK leisure assets, which include the Hertfordshire-based Park Resorts and South Lakeland Parks, with Alchemy Partners’ Newcastle-based holiday operator, Parkdean.