CVC Capital Partners Leads Suitors in Bid for Center Parcs Takeover
CVC Capital Partners, a private equity firm and backer of the Six Nations rugby championship, is among the suitors pursuing a takeover of Center Parcs, a British chain of holiday resorts.
CVC is expected to table an indicative proposal through its long-term Strategic Opportunities fund, according to sources.
Other potential bidders include infrastructure funds, such as Antin, and Brookfield Property Partners, the current owner of Center Parcs.
The company has hired Bank of America, Barclays, and Eastdil Secured to manage the sale.
Center Parcs has seen a strong rebound in its performance since the disruption of the COVID-19 pandemic and is one of the most famous brands in the British leisure industry, drawing millions of visitors annually to its five UK sites and one in Ireland.
The company was floated on London's junior AIM market in 2003 before being taken over by Blackstone in 2006 and sold to Brookfield in 2015 for £2.4bn.
Blackstone is also considering a bid to buy the company back.
Center Parcs' UK and Ireland operations are owned separately from the European business.
Other potential bidders include infrastructure funds, such as Antin, and Brookfield Property Partners, the current owner of Center Parcs.
The company has hired Bank of America, Barclays, and Eastdil Secured to manage the sale.
Center Parcs has seen a strong rebound in its performance since the disruption of the COVID-19 pandemic and is one of the most famous brands in the British leisure industry, drawing millions of visitors annually to its five UK sites and one in Ireland.
The company was floated on London's junior AIM market in 2003 before being taken over by Blackstone in 2006 and sold to Brookfield in 2015 for £2.4bn.
Blackstone is also considering a bid to buy the company back.
Center Parcs' UK and Ireland operations are owned separately from the European business.
