Ontario Teachers' to buy 40 pct of European Camping Group
Ontario Teachers' Pension Plan has agreed to acquire a 40 percent minority stake in European Camping Group (ECG), an Aix-En-Provence, France-based provider of mobile-homes holiday rentals. No financial terms were released for the deal, which is expected to close in Q2 2018. The sellers are Carlyle Group and Montefiore Investment, which acquired ECG in September 2014. Carlyle and Montefiore will continue to be the company's majority shareholders. ECG owns and operates a rental fleet of more than 20,000 units, of which more than 90 percent are mobile homes.
11 April 2018•5 mins read
