PAI Partners and TPG’s real estate arm have teamed up to try to buy Britain’s biggest holiday parks operator, Sky News understands.
Parkdean Resorts, which has 66 holiday parks, was formed in 2015 following the merger of Parkdean Holidays and Park Resorts. Pic: PRA pair of buyout firms have joined forces in the £1.6bn race to buy Parkdean Resorts, Britain’s biggest operator of holiday parks.
Sky News understands that PAI Partners and real estate funds managed by TPG are working on a joint offer for Parkdean, which has been among the beneficiaries of Britain's staycations boom. It was unclear on Thursday which other bidders remained in contention to buy the business, which is owned by Canada's Onex Corporation.
Apollo Global Management, which emerged as a contender to buy Parkdean several weeks ago, is said to have dropped out of the process. Onex bought Parkdean in late 2016 for £1.3bn, and has seen its more than 60 parks operating at near-full capacity this year, according to insiders.The sector as a whole is benefiting from a post-COVID bounceback in sales, prompting a string of corporate takeovers in the sector.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
First look at Billie Faiers' huge £1.4m mansion as it nears completionReality TV star Billie Faiers and husband Greg's £1.4m dream home is near completion. Work began on the property last year but was stalled for a number of reasons
Consulte Mais informação »
Rare Chinese vase kept in kitchen sells at auction for almost £1.5mGlazed porcelain piece, created for Qianglong imperial court in the 1700s, had been purchased for a few hundred pounds in the 1980s
Consulte Mais informação »
Rare Chinese vase kept in kitchen sells at auction for almost £1.5mGlazed porcelain piece, created for Qianglong imperial court in the 1700s, had been purchased for a few hundred pounds in the 1980s
Consulte Mais informação »
NHS trust fined £1.3m as it admits care failings led to two patient deathsRoyal Shrewsbury Hospital owns up to three offences of not providing safe care, months after damning maternity services report
Consulte Mais informação »
Beauty buys from £1 commemorating the Queen’s Platinum JubileeAs Queen Elizabeth’s Platinum Jubilee weekend approaches, these beauty brands like Charlotte Tilbury and Aldi Lacura are here to please the collector in you with limited edition makeup and fragrance buys
Consulte Mais informação »