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.
Majority investment from THL Partners sees Verdane retain a minority stake in the Swedish company
GP to acquire majority stake via Fund VIII; German group’s founders to reinvest in the deal
German GP’s new vehicle will be slightly larger than its predecessor, which is set to complete deployment in two years
Italian GP has received EUR 230m in commitments to date for Fund V against a EUR 250m hard-cap