UK – ABN Amro makes 47% IRR on £438m Park Resorts sale to GI Partners
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%.
Adams Street secures USD 3.2bn for newest secondaries programme amid LP stakes dealflow uptick
Private markets investor has seen LP stakes increase as a proportion of its deployment over the past year, partner Jeff Akers said
Purple Ventures plans EUR 30m-EUR 40m fund to invest across CEE
Early-stage investor expects to hold a EUR 20m-plus first close for its second fund by Q1 2024
Bewater Funds nears EUR 7m close for second fund, aims to back 20 companies in next four years
Bewater II FCRE takes minority stakes (5%-25%) with tickets of EUR 500,000-EUR 2m, and it has already made three investments.
Unquote Private Equity Podcast: In conversation with... Fabio Ranghino, Ambienta
In an interview with Unquote, Ranghino discusses topics including ESG and the next phase of Ambienta’s growth