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
Dan Group Alarm Syd has been sold to Varna Security
Dan Group Alarm Syd, a leading provider of subscription-based security solutions, has been acquired by Varna Security, a newly formed security platform backed by Triton Partners. Through the transaction, Dan Group Alarm Syd enters into a new partnership with Triton Partners, positioning the company for its next phase of growth. As part of Varna Security, Dan Group Alarm Syd will continue to operate independently, retaining its entrepreneurial culture and close customer relationships, while gaining access to capital, resources and strategic support to accelerate expansion.
Learn moreLivlande Agro has been acquired by Merito Partners
Merito Partners has acquired a controlling stake in Gaižēni SIA, one of Latvia’s leading pig farming companies operating under the Līvlande Agro brand, from NCH Capital and other shareholders. The company’s founder and management team will remain actively involved in the business, supporting its continued growth and development.
Learn morePDC Wellness has sold Salon System to Professional Beauty Systems
PDC Wellness has successfully sold its Salon System and Just Wax brands to Professional Beauty Systems (PBS).
Learn more