M&A Deal Summary

The Blackstone Group Acquires Center Parcs

On July 13, 2006, private equity firm The Blackstone Group acquired leisure company Center Parcs from Pierre & Vacances-Center Parcs Group for 205M GBP

Acquisition Highlights
  • This is The Blackstone Group’s 8th transaction in the Leisure sector.
  • This is The Blackstone Group’s 135th largest (disclosed) transaction.
  • This is The Blackstone Group’s 7th transaction in the United Kingdom.
Investment Fate
  • Center Parcs was sold to a publicly-traded strategic buyer in 2015 for 2.4B GBP.

M&A Deal Summary

Date 2006-07-13
Target Center Parcs
Sector Leisure
Buyer(s) The Blackstone Group
Sellers(s) Pierre & Vacances-Center Parcs Group
Deal Type Divestiture
Deal Value 205M GBP
Advisor(s) UBS Investment Bank (Financial)

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.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 96 of 337
Sector (Leisure) 8 of 16
Type (Divestiture) 7 of 33
Country (United Kingdom) 7 of 26
Year (2006) 6 of 16
Size (of disclosed) 135 of 172
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 Southern Cross Healthcare

Darlington, United Kingdom

Southern Cross Healthcare is a group of care homes across the UK providing elderly care with high standards of care for the elderly & physically challenged.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 Emcure Pharmaceuticals

Pune, India

Emcure Pharmaceuticals is a mid-sized pharmaceutical business. The company's activities include research & development, manufacturing of APIs, branded formulations and biotech products, and marketing of these products in India and international markets. Emcure Pharmaceuticals was founded in 1981 and is based in Pune, India.

Buy $372M

Seller(S) 1

SELLER

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 (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-29 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.

Buy €270M