Thu, 22 Jun 2023 | BUSINESS SALE
The deadline for initial bids for the Center Parcs UK has now passed and according to Sky News, Aermont Capital, the private equity firm who owns the Pinewood film studios empire is among the list of potential bidders.
The chain of holiday villages could cost a buyer more than £4 billion and other interested parties include CVC Capital Partners, infrastructure fund, Antin and Singapore's Government Investment Corporation (GIC), which has teamed up with private equity investor, KSL Capital Partners.
Center Parcs UK's former owner, Blackstone were also rumoured to be considering a bid.
A spokesperson for Center Parcs UK said: "We don’t have anything further to add to this story."
Center Parcs UK has been owned by Canadian private equity firm, Brookfield Property Partners since 2015 and was put up for sale in mid-May. According to reports, Brookfield has appointed investment bankers Bank of America, Barclays and Eastdil Secured to manage the sale and to sound out potential buyers including other private equity firms.
Center Parcs UK is a chain of six upmarket holiday villages in the UK and Ireland which attracts more than two million visitors every year with its indoor waterpark as the central attraction and wooden cabins set in cycle-friendly forests. Outdoor activities are also on offer for visitors. Center Parcs UK is a separate business from Center Parcs Europe, which has holiday villages in Belgium, the Netherlands, Germany and France.
The European business is still owned by Blackstone Group which sold the UK part of the business to Brookfield in 2015 and may be bidding to buy back the UK Center Parcs.
Center Parcs UK has reportedly enjoyed buoyant trading since the lockdowns triggered by the Covid-19 pandemic and people opting for staycations over travelling abroad.
Read more about related business sales in the leisure industry.
Charming village pub nestled in the picturesque Cotswolds offers a unique opportunity for potential buyers looking to invest in a thriving hospitality venture.
FREEHOLD
Seize the opportunity to own an impressive country house hotel nestled in the picturesque surroundings of Perth, Scotland.
Discover an exceptional opportunity to own the Scafell Hotel, a delightful property nestled in the scenic surroundings of Keswick.
FREEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.