M&A Deal Summary

Intermediate Capital Group Acquires Park Holidays

On December 19, 2016, mezzanine finance firm Intermediate Capital Group acquired leisure company Park Holidays from Caledonia Investments for 362M GBP

Acquisition Highlights
  • This is Intermediate Capital Group’s 6th transaction in the Leisure sector.
  • This is Intermediate Capital Group’s 35th largest (disclosed) transaction.
  • This is Intermediate Capital Group’s 71st transaction in the United Kingdom.
Investment Fate
  • Park Holidays was sold to a publicly-traded strategic buyer in 2021 for 950M GBP.

M&A Deal Summary
Date 2016-12-19
Target Park Holidays
Sector Leisure
Buyer(s) Intermediate Capital Group
Sellers(s) Caledonia Investments
Deal Type Divestiture
Deal Value 362M GBP

Target

Park Holidays

Bexhill-On-Sea, United Kingdom
website
Park Holidays is an operator of 25-holiday parks across the south of England. Caravan parks have a loyal and growing customer base which, combined with planning policies that restrict the development of new parks, results in a robust and resilient business model. Park Holidays was formed in 1984 and is based in Bexhill-On-Sea.

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Buyer(S) 1

Buyer

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.

DEAL STATS #
Overall 253 of 289
Sector (Leisure) 6 of 6
Type (Divestiture) 25 of 27
Country (United Kingdom) 71 of 80
Year (2016) 2 of 2
Size (of disclosed) 35 of 82
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-18 Hune Rental SLU

Madrid, Spain

Hune Rental SLU is one of the major equipment rental companies in Spain with a network of 35 branches. It also operates branch networks in Portugal, France and joint-ventures in Saudi Arabia and Colombia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-22 SAG

Langen, Germany

SAG GmbH is a provider of engineering, construction, maintenance and operation services for utilities and industrial clients with a focus on their energy infrastructure.

Sell €850M

Seller(S) 1

SELLER

Caledonia Investments

London, United Kingdom

website

Category Company
Founded 1928
Sector Financial Services
Employees66
Revenue 618M GBP (2022)
DESCRIPTION

Caledonia is a self-managed investment trust with net assets of £1.3bn, listed on the London Stock Exchange. Caledonia Investments was incorporated in 1928 and is headquartered in London, United Kingdom.

DEAL STATS #
Overall 2 of 4
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 2
Country (United Kingdom) 2 of 4
Year (2016) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-11 Park Holidays

Bexhill-On-Sea, United Kingdom

Park Holidays is an operator of 25-holiday parks across the south of England. Caravan parks have a loyal and growing customer base which, combined with planning policies that restrict the development of new parks, results in a robust and resilient business model. Park Holidays was formed in 1984 and is based in Bexhill-On-Sea.

Buy £172M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-13 Cooke Optics

Leicester, United Kingdom

Cooke Optics is a manufacturer of high-end cinematography lenses. Cooke Optics was founded in 1893 and is based in Leicester, United Kingdom.

Buy £97M
Mergr

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