by Joe Jeffrey
PwC instructed by private equity firm as Park Holidays goes up for grabs
Caravan park company, Park Holidays, has been placed up for sale for a cool £250 million. The company, owned by private equity firm, Caledonia, has instructed PwC to help assess its options, with indications that the company will be sold to another private equity firm.
As Britain’s fourth largest caravan holiday operator, Park Holidays is set to see earnings rise to £35 million this year, as the current offer price reflects a significant increase on the £172 million the company sold for to Caledonia in 2013.
According to various sources, it is thought a deal will be struck within the next three months, with numerous companies already expressing an interest.
Park Holidays currently has 25 caravan parks in the south of England which has seen significant success over the past few years owing to the rising trend in staycationing on British soil. According to VisitEngland, £1.9 billion was spent on breaks at holiday and caravan parks during 2015.
The move comes following the merger of Parkdean Holidays and Park Resorts in a £960 million deal last year as previously reported on CaravanTimes.