mynth
← DATABASE
05/2026

AERMONT takes majority stake in PARK HOLIDAYS

UNITED KINGDOM Hospitality & Leisure / Hospitality EV 500M - 1.5b GBP

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 in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (10.6x).

-> 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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (GBP)

Year
Rev
EBITDA
EBIT
2024
2023

Other operations with PARK HOLIDAYS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
11/2021SUN COMMUNITIESPARK HOLIDAYSUNITED KINGDOMHospitality
12/2016ICGPARK HOLIDAYSUNITED KINGDOMHospitality
11/2013CALEDONIA INVESTMENTSPARK HOLIDAYSUNITED KINGDOMHospitality

REFERENCES

Valuation range: EV 500M - 1.5b GBP

Revenue range: 250M - 500M GBP

EBITDA range: 50M - 100M GBP

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