21 Centrale Partners in talks to buy Village Center
21 Centrale Partners is planning to create a large outdoor accommodation group by merging its portfolio company Vacances directes with Promeo subsidiary Village Center.
The private equity firm is currently in exclusive negotiations with NYSE Euronext Paris-listed Promeo to reach a deal. It acquired Vacantes directes, a provider of 5,700 mobile homes on campsites in France, Italy and Spain, in late 2011.
The combined entity would offer a total of 13,500 mobile homes and 20,500 camping plots on 38 campsites under management.
The GP usually invests in mid-market buyouts in Italy, France, Switzerland and Poland. It plans to expand the combined business into further European countries.
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