Buyout (LBO, MBO, MBI) • Leisure

Onex Partners and Ardian Acquire Parkdean Resorts

On March 3, 2017, private equity firms Onex Partners and Ardian acquired leisure company Parkdean Resorts for 1.4B GBP

Acquisition Context
  • This is Onex Partners’ 2nd and Ardian’s 1st transaction in the Leisure sector.
  • This is Onex Partners’ 8th and Ardian’s 26th largest (disclosed) transaction.
  • This is Onex Partners’ 4th and Ardian’s 21st transaction in the United Kingdom.

Explore All 334 Buyout (LBO, MBO, MBI) Leisure Deals - Search the Database Free


M&A Deal Summary

Date March 3, 2017
Target Parkdean Resorts
Sector Leisure
Buyer(s) Onex Partners
Ardian
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 1.4B GBP

Target Company

Parkdean Resorts

Newcastle upon Tyne, United Kingdom
Parkdean Resorts is a major operator of caravan holiday parks in the United Kingdom. Parkdean Resorts offers a choice of Caravan Holidays and Holiday Home Ownership at 48 Parks, each one with its own unique mix of facilities and entertainment, making it the perfect choice for a family holiday in the UK. Parkdean Resorts is based in Newcastle upon Tyne, United Kingdom.
Explore More Deals

Browse All 215,262 Deals

FILTER BY

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

Search Free

Buyers Overview 2

Buyer

Onex Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 21.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Onex Partners is the private equity investment arm of Onex Corp., a Canadian based public investment and asset management firm that also invests in real estate and credit securities. Onex Partners targets investments in large companies, and ONCAP which invests in smaller middle-market companies. Both groups consider North American businesses in a wide range of industries with a special interest in aerospace, healthcare, and industrial companies. Prospective transaction situations include corporate carve-outs where the firm can leverage restructuring capabilities. Onex Corp. was established in 1984 and is based in Toronto with an additional office in New York City.


Deal Context for Buyer #
Overall 41 of 63
Sector: Leisure 2 of 2
Type: Buyout (LBO, MBO, MBI) 10 of 15
Country: United Kingdom 4 of 8
Year: 2017 1 of 3
Size (of disclosed) 8 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-17 Save-A-Lot Food Stores

Earth City, Missouri, United States

Save-A-Lot Food Stores discount grocery retailer in the United States. Save-A-Lot owns and operates corporate stores, and services and supplies licensee-owned stores across the country. Store sizes vary, but in general range in size between approximately 15,000-20,000 square feet. The stores provide a limited selection of national and exclusive store brand products with a focus on its fresh offerings including USDA-inspected beef, pork and poultry, and farm-fresh fruits and vegetables.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-17 USI Insurance Services

Valhalla, New York, United States

USI Insurance Services is a provider of a fully integrated distribution of general and specialty property and casualty insurance and financial services such as employee benefits outsourcing and related consulting. USI Insurance Services was founded in 1994 and is based in Valhalla, New York.

Sell $4.3B
Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


Deal Context for Buyer #
Overall 292 of 465
Sector: Leisure 1 of 1
Type: Buyout (LBO, MBO, MBI) 92 of 124
Country: United Kingdom 21 of 27
Year: 2017 4 of 25
Size (of disclosed) 26 of 68
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 SANEF

Cedex, France

SANEF is a motorway operator in France and the forth-largest in Europe. It manages two motorway concessions: SANEF, a motorway network of 1,375 kilometres (854 miles) situated in northern and eastern France, and SAPN, a network of 368 kilometres (229 miles) linking Paris to Normandy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-20 Prosol

Chaponnay, France

Prosol operates under two main banners: Grand Frais, where it provides the fruits, vegetables, dairy, and fish; and Fresh., a fully owned chain of stores that sell fruits, vegetables, dairy, fish, and meat. Prosol was founded in 1992 and is based in Chaponnay, France.

Buy -