Caravan park giant to seek sale following sector boom

By the end of 2016, Britain’s largest caravan park company is forecast to go on sale for a price in the region of £1.2 billion, according to The Sunday Times.

Reports have revealed that although Parkdean Resorts has no formal sale plans in place, the holiday park giant is weighing up its options following the success of its recent merger with Park Resorts, which was finalised in November 2015.

The combined enterprise, which currently spans some 72 caravan and holiday parks across the UK, says that its current priority is to ‘fully integrate the two businesses’ before it looks towards structuring a timetable for the future.

Just ten years ago, ex-parent company Alchemy purchased Parkdean Holidays for £140 million, when Parkdean owned just 20 UK parks.

The Sunday Times says that the company will be considering either a trade sale or a float on the stock market for the final quarter of this year.

Experts believe the recently merged Parkdean has its sights set on piquing the interests of buyout specialists, such as CVC and Carlyle, following increasing buoyancy in the camping holiday market.

Recent studies conducted by the National Caravan Council have revealed that the sale of new and used camping vehicles, camping holidays and related spend contributes around £6bn to the UK economy each year.

Many predict that summer 2016 will prove to be a very good season for the sector.

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Posted in Caravans.