ABN Amro Capital has announced the sale of Park Resorts Group for £440 million to the private equity firm GI Partners.
Park Resorts Group is one of the UK’s leading caravan park operators with parks across England, Scotland and Wales.
It was established by ABN Amro Capital after the acquisition of GB Holiday Parks and Park Resorts when the group saw a “clear opportunity for consolidation in the UK caravanning industry”.
Paul Southwell, managing director of ABN Amro Capital UK buyout team, said: “This has been a very successful investment for us. We acquired Park Resorts with the stated intention of merging it with GB Holiday Parks. Following the successful merger, we have created a significant player in the caravanning sector.”
“We have also enhanced the facilities at the parks and created new pitches by investing in capital expenditure of over £35 million.”
Under ABN Amro Capital’s ownership the group has created over 400 new pitches.