mynth
← DATABASE
07/2022

VACANCESELECT acquired by EUROPEAN CAMPING GROUP (ECG)

FRANCE Hospitality & Leisure / Hospitality / Hotels & Accommodation EV 1b - 4b EUR

Context

Less than a year after being acquired by PAI Partners, European Camping Group (Homair, Eurocamp, Roan) absorbed its direct competitor, Vacanceselect. This transaction allowed ECG to double its revenue and become the #3 European leader in the sector. The combined entity manages 45,000 mobile homes across 400 campsites, 100 of which are directly owned. The merger significantly increased ECG's "Prop-Co" footprint and marked a successful exit for Permira after 7 years of ownership.

It is worth noting that the fund Permira took control of Vacanceselect through an LBO in 2015.

VACANCESELECT, which reported an EBITDA margin of in 2020, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (10.9x).

-> Deep-dive in Retail & Consumer market trends

Target

Vacanceselect is a major European player in the campsite sector, formed by the 2018 merger between Vacalians and the Dutch group Vacanceselect. The group is characterized by its strong "Prop-Co" (Property Company) model, owning roughly 60 campsites outright. It operates a diverse portfolio of brands offering mobile-home rentals and pitch allotments across high-demand tourist zones in Southern Europe.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2020
2019

Other operations with VACANCESELECT

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
05/2015PERMIRAVACANCESELECTFRANCEHotels & Accommodation

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 250M - 500M 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 VACANCESELECT by EUROPEAN CAMPING GROUP (ECG) 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: vacanceselect

Acquirer: european camping group (ecg)