Monday, April 29, 2024

Private equity firm to sell Center Parcs

FeaturedFinance
Updated:
Center Parcs
Image courtesy of Google maps.

The owner of Nottinghamshire-headquartered Center Parcs has put the holiday village chain up for sale.

According to reports in the Financial Times, Canadian private equity firm Brookfield is aiming to achieve between £4bn and £5bn in the sale after buying the business in 2015 for around £2.4bn.

The first UK Center Parcs location opened at Sherwood Forest in Nottinghamshire in 1987.

Today, Center Parcs serves over 2 million guests per year with a 98% occupancy rate.

The Financial Times notes that Brookfield has appointed investment bankers to uncover potential buyers, including other private equity firms.

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