Actev Limited has acquired an interest in Another Place Ltd
September 2016 — Actev Limited has invested in Another Place Ltd, as part of a buy and build strategy in specialist destination hotels. Financial details have not been disclosed.
Actev Limited is the family office of Gavyn Davies OBE and his wife Baroness Nye who have experience in supporting and investing in family and owner-managed businesses across the consumer, leisure and retail sectors. The firm's investment philosophy is to work with exceptional management teams and to support them by providing capital for growth
Another Place is a new hotel collection from the team behind Cornwall's Watergate Bay Hotel. The hotels in the Another Place collection will operate independently of Watergate Bay Hotel but with the same focus on providing guests with a resort style experience reflecting the locations in which each are set.
Will Ashworth, founder of Another Place and Managing Director of Watergate Bay Hotel, said: “Actev is the perfect partner for us. We were impressed by how quickly they understood our vision and the speed with which they acted. From their initial approach to investment was four months and we are thankful to Oaklins' team for making the introduction and managing the transaction through to completion.”
Our role in the transaction
Oaklins Smith & Williamson, based in the UK, advised the buyer in this transaction.
Talk to the deal team
Related deals
Cibus has acquired Aweta from Standard Investment
Standard Investment has reached an agreement with Cibus Capital, advisor to the Cibus funds, on the sale of Aweta, a global leader in fruit and vegetable sorting, grading and packing equipment. Completion of the transaction is expected in the coming weeks. The transaction provides Aweta with a strong partner to support the company’s next growth phase. Under Cibus’ ownership, Aweta will pursue further international growth and accelerate investment in R&D, supporting the installed base and product innovation, including software and AI capabilities. Aweta’s leadership team will continue to lead the business.
Learn moreGroGlass has been acquired by Apogee Enterprises
Apogee Enterprises, Inc. (Nasdaq: APOG), a leading US provider of architectural building products, services and high-performance coated materials, has acquired GroGlass, a Latvia-based developer and manufacturer of high-performance anti-reflective and UV-protective glass coatings. The acquisition brings GroGlass’ differentiated coating technologies and materials science expertise into Apogee’s performance surfaces segment, broadening its product offering and market reach while expanding its manufacturing and R&D presence in Europe.
Learn moreNextalia has acquired a majority stake in Witapp
Nextalia SGR S.p.A. has acquired a majority stake in Witapp S.r.l., an Italian company specializing in software development for the digitization of healthcare infrastructure. The acquisition strengthens Nextalia’s track record in technology companies serving the public sector and supports its strategy of investing in businesses operating at the intersection of healthcare digitization and the modernization of public services.
Learn more