M&A Deal Summary

Platinum Equity Acquires Awaze

On February 15, 2018, private equity firm Platinum Equity acquired leisure company Awaze from Travel + Leisure for 1.3B USD

Acquisition Highlights
  • This is Platinum Equity’s 2nd transaction in the Leisure sector.
  • This is Platinum Equity’s 13th largest (disclosed) transaction.
  • This is Platinum Equity’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2018-02-15
Target Awaze
Sector Leisure
Buyer(s) Platinum Equity
Sellers(s) Travel + Leisure
Deal Type Divestiture
Deal Value 1.3B USD

Target

Awaze

Lowestoft, United Kingdom
Awaze is a provider of holiday parks and vacation rentals in Europe. The Company operates under the brands of Cottages.com, Hoseasons, James Villas, Novasol and Landal. Awaze is based in Lowestoft, United Kingdom.

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Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 89 of 148
Sector (Leisure) 2 of 2
Type (Divestiture) 44 of 59
Country (United Kingdom) 4 of 5
Year (2018) 2 of 10
Size (of disclosed) 13 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-05 WS Packaging

Green Bay, Wisconsin, United States

WS Packaging, Inc. is a domestic pressure sensitive label manufacturers. The Company prints a broad range of high-quality pressure sensitive labels for clients engaged in the food, beverage, personal care, household, commercial, promotional, industrial, direct mail, and pharmaceutical markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-27 Hunterstown Power

Gettysburg, Pennsylvania, United States

Hunterstown Power is a combined-cycle gas turbine generating power plant that provides 810 MW to the PJM (Met-Ed) 500kV grid, with enough to supply more than 648,000 homes. Hunterstown Power is based in Gettysburg, Pennsylvania.

Buy $520M

Seller(S) 1

SELLER

Travel + Leisure

Orlando, Florida, United States

Category Company
Founded 1990
Sector Leisure
Employees19,000
Revenue 3.8B USD (2023)
DESCRIPTION
Wyndham's corporate headquarters in Orlando, Florida.
Wyndham's corporate headquarters in Orlando, Florida.

Travel + Leisure is a hospitality company with operations across six continents. Wyndham offers individual consumers and business customers a broad array of hospitality products and services, as well as various accommodation alternatives and price, ranges through a portfolio of brands. Travel + Leisure was founded in 1990 and is based in Orlando, Florida.


DEAL STATS #
Overall 1 of 2
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 2
Country (United Kingdom) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-18 La Quinta Holdings

Irving, Texas, United States

La Quinta Holdings Inc. is an owner and operator of hotels under the La Quinta brand. La Quinta was formed in 1968 and is based in Irving, Texas.

Buy $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 Wyndham Vacation Rentals

Parsippany, New Jersey, United States

Wyndham Vacation Rentals provides access to nearly 10,000 vacation rental properties in some of North America’s most popular vacation destinations. Wyndham Vacation Rentals was founded in 2011 and is based in Parsippany, New Jersey.

Sell $162M