IFLR1000

Onex £1.35 billion acquisition of Parkdean Resorts

19/12/2016
Private acquisition
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£ 1.35 billion

$ 1.630 billion

Announced

19/12/2016

Overview:

  • Onex has acquired Parkdean Resorts from Epiris and Alchemy (formerly Electra) for £1.35 billion.
  • Parkdean owns 73 holiday parks across the UK and sells more than 500,000 holidays a year.
  • The deal is thought to be driven in part by the increasing demand for UK based holidays due to the slump in the value of sterling.

Sam Duke - Editor

Jurisdiction:

United Kingdom

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Industry sectors:

Real estate
Tourism

Firms:
Clifford Chance

Party: Epiris (Acquirer)

Lawyer: Melissa Fogarty

King & Spalding

Party: Polygon Recovery Fund (Shareholder)

Lawyer: William Charnley

Latham & Watkins

Party: Onex (Acquirer)

Lawyers: Dominic Newcomb, Michael Bond

Macfarlanes

Party: Parkdean Resorts (Target)

Travers Smith

Party: Parkdean Resorts (Management)

Lawyer: Adam Orr

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