UK – ABN Amro makes 47% IRR on £440m 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 ТЃ440m. ABN Amro acquired GB Holiday Parks in November 2004 for ТЃ105m and only a month later bought Park Resorts for ТЃ165m to create a larger caravanning company. During the holding period the business added 400 new pitches, resulting in an EBITDA increase of 43%.