mynth
← DATABASE
05/2026MajorityLBO

Aermont takes majority stake in Park Holidays

UNITED KINGDOM Hospitality & Leisure / Hospitality EV £500M–1.5bn

Context

Aermont Capital has entered into an agreement to acquire Park Holidays, the UK-based holiday park and leisure home business of Sun Communities. The transaction encompasses all assets through which the US group operates in the UK, marking Sun Communities' exit from this market. This divestment is part of Sun Communities' strategy to refocus on its core manufactured housing and recreational vehicle businesses in North America. For the seller, the deal enables a simplification of its asset portfolio and concentration of resources on priority markets. Meanwhile, Aermont Capital is acquiring a leading platform in the UK holiday park market, benefiting from an established asset portfolio and significant presence in a sector characterized by high barriers to entry and consolidation opportunities. The transaction provides the investor with a solid foundation to support future growth and pursue expansion in the UK market.

Park Holidays had already undergone several LBOs in the past, notably in 2016 with ICG and in 2021 with Sun Communities. These multiple LBO cycles illustrate the strong appeal for this type of asset.

Park Holidays, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, standing directly in line with the average currently observed in the Retail & Consumer sector (11.8x in 2026).

-> Deep-dive in Retail & Consumer market trends

Target

Park Holidays UK, headquartered in Hastings, operates a portfolio of holiday parks across the United Kingdom, providing a range of caravan and lodge stays, glamping options, camping facilities, and pitches for caravans and lodges, as well as the opportunity to purchase a secondary residence. Established in the 1980s, the organization underwent significant expansion in 2001 with the acquisition of ten parks from Haven Holidays, enabling it to extend its presence into Dorset, Hampshire, Essex, and Suffolk. The parks offer a variety of amenities, including leisure facilities, clubs, swimming pools, sports facilities, and luxury holiday accommodations. In recent years, the organization has undertaken substantial renovation work, focusing on enhancing its infrastructure, clubs, and accommodations to bolster its service offerings. The company's economic model generates revenue from three primary streams: the sale of static caravans to private owners, site fees paid by these owners, and the rental of holiday stays to vacationers.

Ent. Value

£500M–1.5bn

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (GBP)

Year
Rev
EBITDA
EBIT
2024
£250–500M
£50–100M
[members only]
2023
£250–500M
£50–100M
[members only]

Other operations with Park Holidays

Other operations with Park Holidays
DateAcquirerTargetCountrySector
11/2021SUN COMMUNITIESPARK HOLIDAYSUNITED KINGDOMHospitality
12/2016ICGPARK HOLIDAYSUNITED KINGDOMHospitality
11/2013CALEDONIA INVESTMENTSPARK HOLIDAYSUNITED KINGDOMHospitality

Similar deals in Hospitality & Leisure

Similar deals in Hospitality & Leisure
DateAcquirerTargetCountrySector
06/2026QUADRIVIO GROUP / CAPDESIA GROUPALICE PIZZAITALYRestaurants / Chains
06/2026EKKIO CAPITAL / BPIFRANCE / CARVEST (CRÉDIT AGRICOLE RÉGIONS INVESTISSEMENT) / BNP PARIBAS DEVELOPPEMENTCALICÉOFRANCELeisure Facilities
05/2026NEXTALIACOSTAUNITED KINGDOMRestaurants / Chains
04/2026EMIRATES INTERNATIONAL INVESTMENT COMPANY EIICJOE & THE JUICEDENMARKRestaurants / Chains
04/2026BYWAY CAPITAL / BPIFRANCELA TÊTE DANS LES NUAGESFRANCELeisure Facilities
03/2026123 IM / BPIFRANCE / SMALT CAPITALFRIENDLY HOTELS GROUPFRANCEHotels & Accommodation
03/2026APOLLO GLOBAL MANAGEMENTTHE GOODLIFE GROUPCANADALeisure Facilities
03/2026ARGOS WITYUBÄCKEREI KAMPSNETHERLANDSRestaurants / Chains
02/2026ANTIN INFRASTRUCTUREBELAMBRA CLUBSFRANCEHotels & Accommodation
01/2026SMITHFIELD FOODSNATHAN’S FAMOUSUNITED STATESRestaurants / Chains

REFERENCES

Valuation range: EV £500M–1.5bn

Revenue range: £250–500M

EBITDA range: £50–100M

EV/Revenue range: 2x - 6x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Park Holidays by Aermont are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: aermont

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Park Holidays, a British company specialised in Hospitality, by Aermont in 2026, structured as a leveraged buyout (LBO). This followed an earlier holding cycle initiated in November 2021, when the company was acquired by Sun Communities.

How was the acquisition of Park Holidays by Aermont valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the £500M–1.5bn band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the 2x - 6x range. Exact figures are available to members.

What were Park Holidays’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Park Holidays generated annual revenue estimated in the £250–500M range and EBITDA in the £50–100M bracket (FY 2024). Detailed financial figures are available to members.

How does the valuation of Park Holidays compare to benchmarks in the Retail & Consumer sector?

With an estimated multiple range of 5x - 12x, the transaction stands directly in line with historical averages for the Retail & Consumer sector (11.8x in 2026).

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

What is mynth?

mynth is the first free M&A database dedicated to Small & Mid-Cap transactions. We centralize Enterprise Values, revenue multiples, EBITDA multiples and transaction financials that are typically locked behind five-figure subscriptions on platforms like Capital IQ or Mergermarket. On mynth, searching and browsing deals is completely free. Our mission is simple: make professional-grade valuation intelligence accessible to every M&A advisor, independent consultant, Private Equity professional and student, without the burden of expensive annual licenses.