KKR to acquire Roompot from PAI

The firm drew equity from KKR European Fund V, which closed on €5.8bn in November 2019.

At the beginning of 2020, PAI hired Rothschild to sell the company for an expected valuation of around €1bn, according to Unquote sister publication Mergermarket. In March 2020, the firm put the process on hold.

Other bidders said to have been interested in the asset include Platinum Equity Partners, Center Parcs and KSL Capital Partners.

Roompot was a PAI Europe VI portfolio company. The fund closed on €3.3bn in 2015 and has made several exits, including business support services company Konecta and healthcare provider DomusVi.

Previous funding
ABN Amro Capital (AAC) acquired Roompot from Bencis Capital Partners in 2005.

Gilde Buyout Partners invested in the group in 2011 via its €800m vehicle Buyout Fund IV, which closed in 2010.

PAI acquired Roompot from Gilde Buy Out Partners and BNP Paribas Fortis Private Equity for €503m in 2016. Advent International, KSL Capital Partners and EQT Partners had also been in the running for the company, as reported at the time.

Company
Founded in 1965 in the region of Zeeland, the Netherlands, Roompot is a holiday parks operator. The business directly owns and operates 33 parks in the Netherlands, Germany and Belgium, and works exclusively with 100 third-party park operators to support their booking and distribution efforts, and provide development, design and refurbishment services.

Roompot generates €400m in revenues, and generated €72m in EBITDA in 2018 and €50m in 2017.

People
KKR – Daan Knottenbelt (partner, head of Benelux); Joerg Metzner (director).
PAI Partners – Gaëlle d’Engremont (partner).
Roompot Group – Jurgen van Cutsem (CEO).

Advisers
Vendor – Rothschild (corporate finance).

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• Topics
• Buyouts
• Benelux
• Consumer
• KKR
• Rothschild
• PAI Partners
• Netherlands