Fortis buys part of Gilde stake in Roompot

The GPs hold a combined 70% stake in the business, with Gilde maintaining its position as majority stakeholder. No new capital was provided in the investment. However, Fortis' investment, the value of which is understood to be less than €25m, is expected to strengthen Roompot's creditworthiness.

The company plans to acquire new holiday parks financed through bank loans. The regional focus lies on the Netherlands, Germany and France, with the possibility to expand into Italy and Spain.

Roompot's management, led by CEO Henk van Koeveringe, invested an undisclosed amount alongside Fortis.

Gilde had planned to sell part of its majority stake in Roompot following the acquisition earlier this year, in order to reach a holding more in line with its initial investment strategy.

Previous funding
Gilde acquired a 70% stake in the company through a secondary buyout from AAC Capital Partners in May 2011, a deal valued between €250-500m. Funding was provided by Gilde Buyout Fund IV.

Company
Roompot is an owner and operator of holiday parks in the Netherlands, Germany, Belgium, France and Denmark.

The company employs 1,800 people and reached sales of €233m with an EBITDA of €32m in 2010.

People
Luc Weverbergh led the deal on behalf of Fortis. Koos van Teule worked on the deal for Gilde. Henk van Koeveringe is CEO of Roompot.

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• Topics
• Expansion
• Benelux
• Consumer
• Gilde Investment Management
• Fortis