Lakelovers given go-ahead on acquisitions drive following MBO

Private equity investor LDC has backed an MBO of Lakelovers, a provider of luxury holiday cottages in the Lake District. Headquartered in Windermere, Lakelovers manages more than 500 properties, providing an end-to-end property management service that includes marketing, maintenance and bookings support through a network of high-street branches. LDC will provide funds to launch an acquisitions drive in order to capitalise on growth in the UK ‘staycations’ market. CEO Paul Liddell has led the MBO.