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 100M - 200M 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 25M - 50M 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://www.carlyle.com/media-room/news-release-archive/carlyle-group-enters-exclusive-discussions-acquire-majority-stake

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.

← DATABASE

Home Database Retail & ConsumerEUROPEAN CAMPING GROUP (ECG)

06/2014

EUROPEAN CAMPING GROUP (ECG) acquired by THE CARLYLE GROUP

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

Context

The Carlyle Group acquired a 70% majority stake in Homair Vacances (now European Camping Group) in a transaction valuing the company at over EUR300 million. Montefiore Investment, the historical sponsor since 2006, reinvested to keep a 25% minority stake. This capital infusion was timed to coincide with Homair's transformational acquisition of its British rival, Eurocamp. The strategic goal of the merger is to double Homair's European market share within five years through organic growth and further consolidation.

EUROPEAN CAMPING GROUP (ECG), which reported an EBITDA margin of in 2014, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with 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.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2014

2013

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
04/2018	ONTARIO TEACHERS' PENSION PLAN (OTPP)	EUROPEAN CAMPING GROUP (ECG)	FRANCE	Hotels & Accommodation

REFERENCES

Revenue range: 100M - 200M EUR

EBITDA range: 25M - 50M 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 THE CARLYLE GROUP 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.

Press release: view release

Target: european camping group (ecg)

Acquirer: the carlyle group