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NEWS
CVC prepares bid for Blackstone's £2.5bn Center Parcs
POSTED 09 Mar 2015 . BY Tom Anstey
Center Parcs Woburn has had a 99 per cent occupancy rate since opening earlier this year Credit: Center Parcs
CVC Capital Partners – one of Europe’s biggest private equity firms – is preparing to bid for the Blackstone-owned Center Parcs, thought to be worth around £2.5bn (US$3.8bn, €3.5bn).

The bid follows an £2bn (US$3bn, €2.8bn) attempt from BC Partners to buy Center Parcs in December. Blackstone rebuffed the bid, saying the offer undervalued the UK-based leisure operator.

Blackstone first purchased Center Parcs in 2006 and is currently exploring a listing on the London Stock Exchange. Blackstone reported 99 per cent occupancy for its newest site in Woburn Forest, Bedfordshire, since opening and is in talks with tourism authorities in Ireland over the construction of a resort there.

According to its annual review, Center Parcs reported earnings of £314.6m (€437.7m, US$475.2m) in the year ending April 2014. Blackstone recently launched the sale of its shares in Merlin Entertainments, with the sale worth £667.6m (US$1bn, €917.6bn).
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PROJECT PROFILE:

Centre Parcs Woburn Forest
Centre Parcs' fifth UK village is now open in Woburn, Bedfordshire The park has a 17,000sq m lake at its heart, and features 625 lodges, a 75 bedroom hotel, an outdoor activity centre, an Aqua Sana spa and the largest of Center Parcs’ Subtropical Swimming Paradises. The swimming complex will be clam-shaped, and will feature three new water rides – Tornado, Twister and Typhoon, which are unique to Woburn Forest.

Location: United Kingdom

RELATED STORIES
  Center Parcs owner 'engages banks' on £2.5bn listing


US-based private equity group Blackstone has hired several investment banks to lay the foundations for a £2.5bn (US$3.8bn, €3.4bn) London listing of UK leisure resort chain Center Parcs, according to reports.
  Blackstone 'rejects' £2bn Center Parcs bid with plans to float on stock market


Blackstone – the private equity giant which owns Center Parcs – is believed to have rejected a joint £2bn (€2.5bn, $3.1bn) bid from BC Partners and the Canada Pension Plan (CPP) for the chain of leisure resorts.
  Spa Life UK to take place on 18-19 November at Center Parcs Woburn


The fifth annual Spa Life UK event will take place on 18-19 November at Center Parcs Woburn Forest, featuring a jam-packed schedule of talks from industry experts.
  Center Parcs CEO Martin Dalby calls for overhaul of ‘ridiculous’ UK planning process


As Center Parcs today opens its new £250m Woburn Forest holiday resort, CEO Martin Dalby has called for the UK government to take the development of major leisure investments more seriously.
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NEWS
CVC prepares bid for Blackstone's £2.5bn Center Parcs
POSTED 09 Mar 2015 . BY Tom Anstey
Center Parcs Woburn has had a 99 per cent occupancy rate since opening earlier this year Credit: Center Parcs
CVC Capital Partners – one of Europe’s biggest private equity firms – is preparing to bid for the Blackstone-owned Center Parcs, thought to be worth around £2.5bn (US$3.8bn, €3.5bn).

The bid follows an £2bn (US$3bn, €2.8bn) attempt from BC Partners to buy Center Parcs in December. Blackstone rebuffed the bid, saying the offer undervalued the UK-based leisure operator.

Blackstone first purchased Center Parcs in 2006 and is currently exploring a listing on the London Stock Exchange. Blackstone reported 99 per cent occupancy for its newest site in Woburn Forest, Bedfordshire, since opening and is in talks with tourism authorities in Ireland over the construction of a resort there.

According to its annual review, Center Parcs reported earnings of £314.6m (€437.7m, US$475.2m) in the year ending April 2014. Blackstone recently launched the sale of its shares in Merlin Entertainments, with the sale worth £667.6m (US$1bn, €917.6bn).
Sign up here to get your choice of the Spa Business and Spa Business insider weekly ezines, breaking news alerts and every issue of Spa Business and Spa Business insider magazines FREE on digital.
RELATED STORIES
Center Parcs owner 'engages banks' on £2.5bn listing


US-based private equity group Blackstone has hired several investment banks to lay the foundations for a £2.5bn (US$3.8bn, €3.4bn) London listing of UK leisure resort chain Center Parcs, according to reports.
Blackstone 'rejects' £2bn Center Parcs bid with plans to float on stock market


Blackstone – the private equity giant which owns Center Parcs – is believed to have rejected a joint £2bn (€2.5bn, $3.1bn) bid from BC Partners and the Canada Pension Plan (CPP) for the chain of leisure resorts.
Spa Life UK to take place on 18-19 November at Center Parcs Woburn


The fifth annual Spa Life UK event will take place on 18-19 November at Center Parcs Woburn Forest, featuring a jam-packed schedule of talks from industry experts.
Center Parcs CEO Martin Dalby calls for overhaul of ‘ridiculous’ UK planning process


As Center Parcs today opens its new £250m Woburn Forest holiday resort, CEO Martin Dalby has called for the UK government to take the development of major leisure investments more seriously.
MORE NEWS
Six Senses unveils urban wellness retreat in Kyoto inspired by Japanese Zen culture
Six Senses Kyoto opens its doors today, marking the eco-luxury hotel and spa operator’s entry into Japan and a new addition to its urban collection.
UAE’s first Dior Spa debuts in Dubai at Dorchester Collection’s newest hotel, The Lana
The UAE’s first-ever Dior Spa has officially launched at The Lana, Dubai – the Dorchester Collection’s debut property in the Middle East.
Four Seasons’ Sacred River Spa in Bali relaunching in Q3 following extensive renovation
The Sacred River Spa at Four Seasons Resort Bali at Sayan will reopen later this year with an all-new design plus enhanced treatments and experiences inspired by its river valley home.
Circadian Trust invests in wellness to support its NHS partnerships
Operator Circadian Trust has launched a five-year growth drive designed to support health and wellbeing across South Gloucestershire, UK. The initiative will see a £2.4m investment in its five Active Lifestyle Centres.
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Tel: +44 (0)1462 431385

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