Ontario Teachers' Pension Plan (OTPP) has acquired a 40% stake in French mobile-homes holiday rental company European Camping Group (ECG), while previous backers Carlyle and Montefiore will retain the majority of the business.
Managing partner Daniel Flaig discusses how European GPs are responding to an increasingly competitive market and how he sees 2019 unfolding for PE
Revo is understood to have secured approximately 35% of the targeted commitments
Cedacri will finance the acquisition with a debt package provided by a pool of 14 banks
MN Services, the asset manager for both schemes, was involved in establishing the fund