LDC (Managers) Ltd. agreed to sell holiday park operator Away Resorts Ltd. to private equity firm Bregal Freshstream LLP.

As part of the deal, LDC will retain a minority shareholding in Away Resorts, which operates six resorts at locations in the U.K. and plans to invest a further £25 million in the coming years.

Terms of the deal, which is subject to approval from the Financial Conduct Authority, were not disclosed.

Gowling WLG, Freeths LLP, DC Advisory, PricewaterhouseCoopers and CIL advised LDC, and Bregal Freshstream was advised by Deloitte Corporate Finance, Clearwater and Willkie Farr & Gallagher LLP.