mynth
← DATABASE
11/2013

PARK HOLIDAYS acquired by CALEDONIA INVESTMENTS

UNITED KINGDOM Hospitality & Leisure / Hospitality EV £100–350M

Context

Caledonia Investments has successfully completed a capital restructuring of Park Holidays, acquiring a majority stake in the holiday park operator. This transaction is part of a strategic plan to support the company's growth, which generated an EBITDA of over £20 million for the year ended December 31, 2012. Park Holidays boasts a portfolio of 23 holiday parks, comprising 21 freehold and 2 leasehold properties, located in southern England. The acquisition was funded through a combination of equity (£88 million) and bank debt (£90 million), provided by a syndicate of banks including RBS, HSBC, Lloyds Bank, Barclays Bank, and Santander, with an additional £10 million facility available for future investments and acquisitions. The existing management team, consisting of Jeff Sills, Al Loch, and Tony Clish, who originally acquired the business in 2006 with the support of Graphite Capital, will remain in place to drive the company's next phase of development. This transaction will enable Park Holidays to continue its expansion, including targeted acquisitions, and strengthen its market position.

PARK HOLIDAYS, which reported an EBITDA margin of [members only] in 2016, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Retail & Consumer sector (11.9x).

-> 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

£100–350M

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (GBP)

Year
Rev
EBITDA
EBIT
2016
[members only]
£10–30M
[members only]
2015
[members only]
£10–30M
[members only]

Other operations with PARK HOLIDAYS

Other operations with PARK HOLIDAYS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
05/2026AERMONTPARK HOLIDAYSUNITED KINGDOMHospitality
11/2021SUN COMMUNITIESPARK HOLIDAYSUNITED KINGDOMHospitality
12/2016ICGPARK HOLIDAYSUNITED KINGDOMHospitality

REFERENCES

Valuation range: EV £100–350M

EBITDA range: £10–30M

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 CALEDONIA INVESTMENTS 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: caledonia investments