mynth
06/2014

EUROCAMP acquired by HOMAIR VACANCES

UNITED KINGDOM Hospitality & Leisure / Hospitality / Hotels & Accommodation REV 100M - 200M EUR

Context

Transforming the landscape of European outdoor hospitality, this transaction sees Homair Vacances acquire a full controlling stake in the British operator Eurocamp from its parent company, Holidaybreak. The strategic rationale for the deal is the immediate doubling of the group's operational capacity and the creation of a pan-European champion with a combined fleet of 17,000 units across 300 campsites. By absorbing its major British competitor, the French group secures a dominant position in the high-value UK outbound market and gains access to a prestigious brand with high consumer trust. This industrial merger follows the successful integration of the Al Fresco brand and reflects a broader strategy to institutionalize the mobile-home holiday segment. For the seller, the divestment allows for a strategic refocusing on core activities and a strengthening of its financial structure, as mobile-home rentals were no longer considered a primary growth axis. The partnership is designed to maintain the distinct identities of the respective brands while centralizing back-office operations and technical expertise. This move highlights the accelerating consolidation of the fragmented European leisure market, where scale and multi-channel distribution are becoming critical competitive advantages for capturing the growing demand for flexible, high-quality family vacations.

EUROCAMP, which reported an EBITDA margin of LOGIN in 2014, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Retail & Consumer sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Founded in 1973, Eurocamp is a premier British tour operator specializing in self-catering outdoor holidays across Europe. The company operates a high-quality fleet of approximately 7,000 mobile homes and 1,500 luxury tents situated in 170 prime campsite locations. Eurocamp is renowned for its strong brand equity and deep penetration into the United Kingdom and Northern European markets, where it serves as a "top-of-mind" provider for family vacations. Its business model relies on long-term partnerships with independent campsite owners, offering curated outdoor experiences with dedicated on-site customer service. Strategically, the company bridges the gap between traditional camping and professional hospitality, maintaining a high-loyalty customer base through its extensive distribution network and focus on high-traffic tourist destinations in France, Italy, and Spain.

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Historical Financials (EUR)

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REFERENCES

Revenue range: 100M - 200M EUR

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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: eurocamp

Acquirer: homair vacances