M&A Deal Summary

Pierre & Vacances-Center Parcs Group Acquires Center Parcs

On September 29, 2003, Pierre & Vacances-Center Parcs Group acquired leisure company Center Parcs from MidOcean Partners, TDR Capital and Omnes Capital for 270M EUR

Acquisition Highlights
  • This is Pierre & Vacances-Center Parcs Group’s 1st transaction in the Leisure sector.
  • This is Pierre & Vacances-Center Parcs Group’s 0th largest (disclosed) transaction.
  • This is Pierre & Vacances-Center Parcs Group’s 1st transaction in the United Kingdom.
Investment Fate
  • Center Parcs was divested to a consortium of buyers in 2006 for 205M GBP.
  • Center Parcs was sold to a publicly-traded strategic buyer in 2015 for 2.4B GBP.

M&A Deal Summary

Date 2003-09-29
Target Center Parcs
Sector Leisure
Buyer(s) Pierre & Vacances-Center Parcs Group
Sellers(s) MidOcean Partners
TDR Capital
Omnes Capital
Deal Type Add-on Acquisition
Deal Value 270M EUR

Target

Center Parcs

Nottinghamshire, United Kingdom
Center Parcs Ltd. operates short-break holiday villages in the U.K. At its four villages, Center Parcs has over 3,300 villas and offers a range of indoor and outdoor sports and other leisure facilities. Center Parcs was formed in 1987 and is based in Nottinghamshire, United Kingdom.

Search 196,159 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Pierre & Vacances-Center Parcs Group

Paris, France

Category Company
Sector Leisure
DESCRIPTION

Pierre & Vacances-Center Parcs Group is the European leader in local tourism. Today, with its complementary tourism brands– Pierre & Vacances and its two premium and villages clubs labels, Maeva, Center Parcs, Sunparks and Aparthotels Adagio – the Group operates a tourism network of almost 50,000 homes and apartments located in 300 sites in Europe. In 2011/2012, the Group welcomed 7.5 million European holidaymakers and generated turnover of €1.419 billion.


DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2003) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-13 Center Parcs

Nottinghamshire, United Kingdom

Center Parcs Ltd. operates short-break holiday villages in the U.K. At its four villages, Center Parcs has over 3,300 villas and offers a range of indoor and outdoor sports and other leisure facilities. Center Parcs was formed in 1987 and is based in Nottinghamshire, United Kingdom.

Sell £205M

Seller(S) 3

SELLER

MidOcean Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MidOcean Partners is a private equity firm focused on acquiring controlling interests in middle-market companies throughout North America. The Firm has a preference for consumer and business services sectors including automotive, food/beverage, retail, consumer products, information services, infrastructure services, training and more. MidOcean seeks opportunities valued between $150 and $750 million where it can commit $75 to $300 million. In addition to investing equity, MidOcean also looks to provide flexible credit solutions as well. MidOcean Partners was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 1 of 34
Sector (Leisure) 1 of 2
Type (Add-on Acquisition) 1 of 18
Country (United Kingdom) 1 of 3
Year (2003) 1 of 1
Size (of disclosed) 14 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-01 Jenny Craig

Carlsbad, California, United States

Jenny Craig is a weight management services company. The Company provides consumers with a comprehensive weight management program that emphasizes personal support to help clients develop a healthy relationship with food, build an active lifestyle, and create a more balanced approach to living. Jenny Craig was founded in 1983 and is based in Carlsbad, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-13 Prestige Consumer Healthcare

Tarrytown, New York, United States

Prestige Consumer Healthcare markets and distributes brand name over-the-counter medicines and household cleaning products throughout the US, Canada, Australia, and other select international markets. Prestige Consumer was founded in 1996 and is based in Tarrytown, New York.

Sell -
SELLER

TDR Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 15.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

TDR Capital is a private equity firm that targets large companies valued from €300 million to €1.5 billion. TDR has a particular interest in under-managed, under-invested or misunderstood companies which may be transformed through greater strategic and operational focus. TDR is sector agnostic, however the Firm has a preference for opportunities in the leisure/hospitality, financial services, and business services sectors. TDR Capital was formed in 2002 and is based in London.


DEAL STATS #
Overall 3 of 14
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 1 of 5
Country (United Kingdom) 2 of 9
Year (2003) 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-01 Pizzaexpress

Uxbridge, United Kingdom

PizzaExpress was a popular brand and a market leader in the UK casual dining sector. It operated in the premium/authentic sector of the eat-in pizza/pasta market, in a variety of locations across the UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 ASK Central

Herts, United Kingdom

ASK Central operates with ASK and Zizzi are names in the UK casual Italian dining market with about 120 and 90 locations respectively across the UK. ASK restaurants are situated in prime positions with each restaurant generally having a unique design. ASK Central was founded in Herts, United Kingdom.

Buy €333M
SELLER

Omnes Capital

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 5.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Omnes Capital formerly known as Credit Agricole Private Equity (CAPE) is the investment arm of financial services group Credit Agricole. Omnes Capital looks to invest in a range of investment stages and transaction types, including LBO/expansion, venture capital, mezzanine, renewable energy, co-investment, infrastructure, and special situations. The Firm's LBO/expansion group looks to invest €25 to €80 million to support growth initiatives and buyouts of small and mid-cap businesses operating in a variety of industries. Omnes Capital generally invests in businesses operating in France and Italy. Omnes Capital's mezzanine area was formed in 2002 and looks to provide €5 to €30 million of junior capital to similar sized established businesses. In addition to Omnes Capital's traditional equity and subordinated debt investment arm, the Firm also invests in infrastructure projects as well as provides capital for distressed businesses with €10 to €150 million in revenue. Omnes Capital was formed in 2004 and is based in Paris.


DEAL STATS #
Overall 1 of 114
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 1 of 52
Country (United Kingdom) 1 of 3
Year (2003) 1 of 1
Size (of disclosed) 10 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-01 Terreal SAS

Suresnes, France

Terreal SAS manufactures clay construction products used for roofs, structural work, wall claddings, and decoration environmental protection. In 2013, Terreal has taken over by creditors.

Buy €400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Leasecom

Mérignac, France

Leasecom specializes in IT systems leasing and technological asset management for business customers. Leasecom offers finance lease solutions for investments in computer, telephone and other hardware that enable its customers (small and mid-size companies) to maintain up-to-date, state-of-the-art equipment.

Buy -