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
Established financial services consultancy specialising in risk and compliance solutions for clients in the UK asset management sector. Utilising its extensive industry experience and knowledge the company successfully advises on all aspects of compl...
Provides a comprehensive range of cleaning solutions, specialising in post-construction, cleaning projects. In addition to its core offering, the company provides contracted office cleaning, as well as window cleaning and other related services for c...
RELOCATABLE
Provides two core services, including installing, repairing and maintaining audio-visual systems, access controls and CCTV, and manufacturing bespoke electronics for use in end products. A multi-accredited company with an excellent industry reputatio...
LEASEHOLD
|
23
|
|
May
|
Moonpig to acquire gifting business at 4.2x turnover | BUSINESS SALE
Moonpig has announced a deal to acquire gifting experience b...
|
20
|
|
May
|
Administrators seek buyer for gourmet instant noodle brand | ADMINISTRATION
Bournemouth-based instant foods brand Mr Lee’s Pure Fo...
|
19
|
|
May
|
Knights continues acquisition-lead growth strategy with £11.5m deal for law firm | BUSINESS SALE
Legal services company Knights has acquired Portsmouth-headq...
Sign up to receive our acquisition alert emails to get your FREE guide
|
07
|
|
Apr
|
Clarks makes store closures and explores financing opportunities | COMMERCIAL PROPERTY
Footwear retailer Clarks has confirmed that it will close a ...
|
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 ...
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