Onex to acquire Britain's Parkdean Resorts for $2.25 bln
Canadian private equity firm Onex Corp has agreed to acquire Parkdean Resorts UK Ltd, owner and operator of 73 caravan holiday parks across England, Scotland and Wales. Onex agreed to pay about $2.25 billion (£1.35 billion), Reuters reported, in a deal that is expected to close in Q1 2017. Onex has committed to invest US$750 million of equity in the acquisition. Tony Morgan, a managing director at Onex, said the Toronto firm plans to support Parkdean Resorts' growth, both organically and through add-on deals. Earlier this month, Onex closed its US$1.37 billion acquisition of U.S. grocery retailer Save-A-Lot.
19 December 2016•3 mins read
