Wed, 18 Mar 2015 | BUSINESS SALE
The owners of the holiday resort group Center Parcs is once again considering putting it on the market.
American buyout company Blackstone, who has owned Center Parcs since 2006, has said that it is “considering its strategic and financing options, which may include private or public equity or debt capital markets”.
The firm has invited bids as it looks to sell off the holiday village operator. The news comes just 16 months after a prior consideration of selling the business. The firm has reportedly enlisted Rothschild to advise on a potential sale.
The Abu Dhabi Investment Authority and GIC, the Singapore sovereign wealth fund, are said to be looking at joining with a private equity firm to put forward a bid, with co-owner of the RAC Carlyle one supposed interested party.
Blackstone acquired Center Parcs for £1.1 billion, and estimations suggest that the value of the holiday park business has nearly doubled in more recent years. It was revealed in the latest annual report that the holiday resort firm saw earnings of £147 million in 2014, up from £140 million in the previous year. Additionally, it confirmed that their sites had been 97.2 per cent full.
Blackstone has said that if they do not receive a high enough bid then they will float Center Parcs in the latter half of the year.
______________________________________________________________________
Related information:
Browse our businesses for sale from a range of sectors
Provides an extensive range of manned and electrical security solutions, including manned dog patrols and CCTV installation. Established for nearly 20 years. Utilises an in-house 24-hour control room for monitoring and response. Offers invited.
LEASEHOLD
Viewing: Anytime In Normal Office Business Hours. Closing From 12 Noon Thursday 20th June.
Project Lake carries out contracting services for soil and water erosion control and ecological restoration projects, also supplying some of its own products into these projects at a healthy profit margin. Project Lake has four distinct areas of rev...
LEASEHOLD
|
19
|
|
Jun
|
Meat and poultry wholesaler goes under - business assets up for sale | ADMINISTRATION
Financial difficulties at a London-based meat and poultry di...
|
18
|
|
Jun
|
Administrators called in for West Midlands contractor | ADMINISTRATION
A contractor based in Aldridge, West Midlands has collapsed ...
|
17
|
|
Jun
|
Sheffield candle retailer enters administration | ADMINISTRATION
A shop retailing candle and gifts in Sheffield has collapsed...
Sign up to receive our acquisition alert emails to get your FREE guide
|
24
|
|
Apr
|
Majestic Wine considering the sale of its UK stores | BUSINESS SALE
Thought to be the UK’s largest specialist retailer of ...
|
13
|
|
Jul
|
Pub group looking to sell its commercial property division | DIVISION SALE
Ei Group, the UK’s largest pub company, is looking to ...
|
15
|
|
Feb
|
Brand behind Britain's favourite sweets for sale | BUSINESS SALE
Some of the UK’s most beloved confectionery brands - i...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources