GI Partners acquires Park Resorts for 440 mln stg |
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Published
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Thu, 22 Mar 2007 10:40
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LONDON (AFX) - Transatlantic private equity firm GI Partners has acquired the Park Resorts UK caravan park business from ABN AMRO Capital for 440 mln stg.GI Partners said it is backing the existing management team of the 35-strong caravan park business, led by chief executive David Vaughan.Vaughan created the company six years ago following a buyout from Bourne Leisure, expanding the business through single park acquisitions and the takeover of GB Holiday Parks in 2004.He and his team, including finance director Robert Sewell and operations director Alan Castledine, will be co-investing with GI Partners for a significant minority stake in the business.newsdesk@afxnews.comsjm/vlbCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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