Birmingham’s Clearwater International advises Aquavista on Castle Marinas deal
Birmingham’s Clearwater International has advised LDC-backed Aquavista, the residential and leisure mooring provider, on its acquisition of Castle Marinas.
Headquartered in Nottinghamshire, Aquavista has 18 UK wide locations, with more than 100 crew members and provides residential and leisure berths, boat sales, floating homes and marine services.
The transaction will expand its existing portfolio with an additional footprint of 11 marinas, including Crick Marina, home of the world-famous Crick Boat Show, and Birdham Pool Marina at Chichester Harbour.
Following the acquisition, Aquavista’s new offering will provide 29 marinas and over 5,000 marina berths UK-wide, at both inland and coastal locations.
The investment was funded by LDC. Debt facilities were provided by Barings. LDC partnered with Aquavista in December 2018 to support targeted capital investment across the marina estate.
Since then, the business has invested more than £3m to improve its marina facilities and deliver first-class waterside experiences for its customers.
The Clearwater International team comprised partners Richard O’Donnell and Joe Dyke, director Richard Ellis, associate director Kieran Virr and executives Joe Savage and Chetan Malia.
