At what enterprise value was EUROPEAN CAMPING GROUP (ECG) acquired in 2018?

During the acquisition of EUROPEAN CAMPING GROUP (ECG) by ONTARIO TEACHERS' PENSION PLAN (OTPP) in 2018, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR.

What was the EV/EBITDA of EUROPEAN CAMPING GROUP (ECG) when it was acquired by ONTARIO TEACHERS' PENSION PLAN (OTPP)?

The estimated EV/EBITDA multiple for EUROPEAN CAMPING GROUP (ECG) is in the range of 10x - 18x.

What was the revenue of EUROPEAN CAMPING GROUP (ECG) at the time of the deal?

The revenue of EUROPEAN CAMPING GROUP (ECG) at the time of the deal is estimated to be in the range of 150M - 250M EUR.

What was the EBITDA of EUROPEAN CAMPING GROUP (ECG) during the acquisition?

EUROPEAN CAMPING GROUP (ECG)'s EBITDA is estimated to be in the range of 50M - 100M EUR.

How is the data for the EUROPEAN CAMPING GROUP (ECG) acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the EUROPEAN CAMPING GROUP (ECG) deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://capitalfinance.lesechos.fr/deals/lbo/ontario-teachers-soffre-40-deeuropean-camping-group-valorise-plus-de-730-m-126515

What is the average EV/EBITDA multiple for the Retail & Consumer sector in 2026?

The average EV/EBITDA multiple for the Retail & Consumer sector in 2026 is 11.2x.

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Home Database Retail & ConsumerEUROPEAN CAMPING GROUP (ECG)

04/2018

EUROPEAN CAMPING GROUP (ECG) acquired by ONTARIO TEACHERS' PENSION PLAN (OTPP)

FRANCE Hospitality & Leisure / Hospitality / Hotels & Accommodation EV 500M - 1.5b EUR

Context

Ontario Teachers' Pension Plan (OTPP) acquired a 40% minority stake in European Camping Group from Montefiore Investment and the management team. Montefiore Investment, which originally took the company private in 2014, remains the majority shareholder. This partnership aims to provide ECG with the long-term capital necessary to accelerate its international build-up strategy and consolidate its leadership position in the fragmented European campsite market.

It is worth noting that the fund The Carlyle Group took control of European Camping Group through an LBO in 2014.

EUROPEAN CAMPING GROUP (ECG), which reported an EBITDA margin of in 2017, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (11.2x).

-> Deep-dive in Retail & Consumer market trends

Target

European Camping Group (ECG) is the European leader in outdoor accommodation. Operating through major brands such as Eurocamp, Homair, Tohapi, and Marvilla Parks, the group manages a fleet of approximately 48,000 mobile homes across more than 450 campsites in 11 countries (including France, Italy, Spain, and Croatia). Since 2021, the group has nearly doubled in scale, notably following the transformational acquisition of Vacanceselect in 2023.

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Other operations with EUROPEAN CAMPING GROUP (ECG)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
03/2025	ADIA	EUROPEAN CAMPING GROUP (ECG)	FRANCE	Hotels & Accommodation
07/2022	EUROPEAN CAMPING GROUP (ECG)	VACANCESELECT	FRANCE	Hotels & Accommodation
10/2021	PAI PARTNERS	EUROPEAN CAMPING GROUP (ECG)	FRANCE	Hotels & Accommodation
06/2014	THE CARLYLE GROUP	EUROPEAN CAMPING GROUP (ECG)	FRANCE	Hotels & Accommodation

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 150M - 250M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EUROPEAN CAMPING GROUP (ECG) by ONTARIO TEACHERS' PENSION PLAN (OTPP) 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.

Target: european camping group (ecg)

Acquirer: ontario teachers' pension plan (otpp)