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.
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