Mubadala takes majority stake in Pierre et Vacances - Center Parcs

Mubadala Capital has entered into an agreement to acquire a controlling stake in Pierre & Vacances-Center Parcs through a public tender offer followed by a proposed delisting. The offer values each share at €1.90, including a special dividend of €0.11 per share. This price represents a premium of approximately 35% to the recent average trading price. An additional €0.10 per share will be paid if the 90% ownership threshold is met, allowing for a mandatory squeeze-out and delisting. The transaction has received unanimous support from the company's board of directors and key shareholders, who collectively hold 58.6% of the capital. To secure the deal, Mubadala has set a minimum acceptance threshold of 80% of the share capital. The investor is also in discussions with several other significant shareholders to garner sufficient support for the proposed delisting. The strategic rationale behind the acquisition is to support Pierre & Vacances-Center Parcs' ongoing efforts to upgrade its offerings and invest in long-term growth initiatives. By delisting, the company aims to continue its development without the constraints of public market requirements, while benefiting from the backing of a shareholder with significant investment capabilities and a long-term holding horizon. This transaction also highlights the growing interest of international investors in experiential tourism and local leisure assets in Europe.

By taking control of Pierre et Vacances - Center Parcs, Mubadala continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Power Factors in 2026.