Private equity firm LDC (Managers) Ltd. agreed to sell Pure Cottages Group to Sykes Cottages Ltd. for an undisclosed amount.
The Pure Cottages Group is a collection of five luxury holiday rental agencies created following LDC's investment in Lakelovers in December 2017.
Pure Cottages Group manages over 1,500 holiday homes in Cumbria, Cornwall and the Cotswolds in the U.K.
The brands in the Pure Cottages Group will join Sykes' existing collection of regional brands that include Cornish Cottage Holidays.
KPMG and DLA advised LDC, while Springboard Corporate Finance and Hill Dickinson LLP advised Sykes.