The takeover deal of Epris’ Parkdean Resort holiday park has been completed for £1.35bn by Onex Corporations.
Canadian private equity fund, Onex Corporations, has completed a £1.35bn deal to takeover Parkdean Resorts.
Onex originally agreed to buy the holiday park from Epris in December. Parkdean Resorts sells more than 500,000 holidays and short breaks per year at over 73 holiday parks across England, Scotland and Wales.
When the deal was originally announced, managing partner at Epris, Alex Fortescue, said: “We are proud of our investment in Parkdean Resorts and in many ways it represents what differentiates Epiris from the crowd.
“Through a series of bank-related acquisitions and 11 individual transactions we have transformed our original Park Resorts debt position into joint control of a very high-quality, marketleading business with profits of more than £100m.
“John and the team have done a tremendous job in developing the business and we are delighted to see Onex picking up the mantle for the next stage of growth.”