ABN Amro Capital has yielded a 47% IRR and money multiple of 2.4x on the sale of UK caravan park business Park Resorts Group to GI Partners for £438m. ABN Amro acquired GB Holiday Parks in November 2004 for £105m and only a month later bolted on Park Resorts for £165m. Park Resorts had been created in May 2001 when Close Brothers Private Equity purchased 12 coastal caravan parks from Bourne Leisure. During ABN AMRO's holding period the business added 400 new pitches, resulting in an EBITDA increase of 43%.
Asset is reportedly due to come to market in 2021, with the sale process most likely starting in H1
Redalpine has led a series-A funding round for Germany-headquartered pet healthcare startup Felmo.
GP intends to boost the company's growth and consolidate its market position in the Benelux and DACH regions
GP is deploying equity via WMS III and is investing with future managing director Holger Schmitz