Center Parc’s parent rumoured to be considering sale

Tuesday, 28 Jan, 2015 0

Center Parcs is reported to have spoken to banks regarding a long-heralded stock market flotation or sale.

Its private equity owner Blackstone could raise £750 million through a flotation, but it is understood to be also considering an outright sale.

Late last year Blackstone rejected a £2 billion joint bid for Center Parcs from BC Partners and the Canada Pension Plan.

Blackstone, which acquired Center Parcs in 2006, is being advised by investment bank Rothschild. It has not commented on latest speculation regarding either a sale or flotation.



 

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Linsey McNeill

Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk



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