UK's fourth-largest caravan holiday operator tipped for sale

UK's fourth-largest caravan holiday operator tipped for sale

The UK’s fourth-largest caravan holiday operator is being prepared for a sale in a deal which could be worth more than £250 million.

Private equity firm Caledonia Investments is reported to be exploring options for Park Holidays after several suitors expressed an interest.

Park Holidays, which is set to see earnings rise to £35 million this year, was acquired from Graphite Capital for £172 million three years ago. 

It claims to be the largest operator of caravan parks in the south of England, from Devon to Suffolk. 

A deal could be struck within the next three months, with several parties already having expressed an interest, according to newspaper reports.

Park Holidays runs 25 holiday parks and its performance has been buoyed by a rise in holidaymakers taking domestic breaks.

Park Resorts and Parkdean Holidays, which collectively run 73 sites, merged last year in a £960 million deal conducted by private equity firm Electra.


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