Tie-up with Parkdean Holidays will create caravan operator with annual profits of more than £100m and an enterprise value of nearly £1bn

Two caravan park firms are to merge, creating a £1bn company that will be Britain’s biggest holiday home park operator, with 73 sites across the country.

Park Resorts owner, private equity firm Electra, said the merger with rival Parkdean Holidays would create a company with annual profits of more than £100m, and an enterprise value of £960m. The deal will bring together Electra’s Park Resorts, which also owns South Lakeland Parks, South View and Manor Parks, with Parkdean, which is owned by rival private equity firm Alchemy Partners.

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Source: The Guardian Circular Economy RSS