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
The business specialises in the supply and distribution of fixings, fasteners, nuts, bolts, and ancillary products. Operating on a regional B2B basis, the company supplies organisations within the construction, roofing, and plumbing industries
LEASEHOLD
Offers a comprehensive range of marine equipment, including rudders, stern gear and bearings. All products can be designed and manufactured in line with ISO 484-1 and Lloyd’s Register quality standards, assuring clients that they are receiving high-q...
The business was created by the owner in 2017. Having over 30 years of expertise and knowledge within the industry our client has created this highly profitable concept, offering a highly rated service, which has resulted in the success and growth...
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.