- Leger Shearings chiefs took full ownership of the coach holiday operator in a £50m management buyout
- Chief Executive Liam Race and Chief Financial Officer Andrew Oldfield took sole ownership
- The remaining shares were acquired from long-time owner Ian Henry and the Henry family
- The deal was backed by continued debt facilities provided by NatWest
- The company celebrates 20 consecutive months of growth and record-breaking forward bookings
Leger Shearings chiefs have taken full ownership of the coach holiday operator in a £50m management buyout. Chief Executive Liam Race and Chief Financial Officer Andrew Oldfield have taken sole ownership of the Leger Shearings Group. The management duo completed a management buyout valued at over £50m to acquire the remaining outstanding shares of the largest escorted coach holiday operator in England. The remaining shares were acquired from long-time owner Ian Henry, whose family led the company for over 35 years, and the Henry family.
The deal was backed and funded through continued debt facilities provided by NatWest. In a first for the Rotherham-based company, several members of the senior leadership team have also become shareholders. The buyout marks the final step in a multi-stage succession plan. In 2019, Race and Oldfield initially entered the business by acquiring a 30pc minority stake in Leger Holidays. In 2020, Leger Holidays acquired its rival Shearings out of administration, forming the Leger Shearings Group. In 2024, the management team bought additional shares to become majority shareholders. In 2026, the executive duo successfully concluded a £50m plus MBO to secure 100pc full ownership.
The company enters this new independent era in its strongest financial health to date, celebrating 20 consecutive months of growth and record-breaking forward bookings.
