Shearman & Sterling advises PAI Partners and European Camping Group on the acquisition of Vacanceselect by European Camping Group from Permira.
PAI Partners is a pre-eminent private equity firm, investing in market-leading companies across the globe. PAI manages more than €25.2 billion of dedicated buyout funds. Since 1994, PAI has completed 90 investments in 11 countries, representing over €70 billion in transaction value. PAI has built an outstanding track record through partnering with ambitious management teams. Its unique perspective, unrivalled sector experience and long-term vision enable companies to pursue their full potential – and push beyond.
European Camping Group, a European leader in outdoor accommodation backed by PAI Partners, today announces that it has reached an agreement to acquire Vacanceselect (“the Company”), a leading campsite and mobile-home operator, from funds advised by Permira and minority shareholders including The Ganivenq Family and Batipart.
Headquartered in Montpellier, France, Vacanceselect is present in over 270 campsites, located across attractive holiday-making European destinations such as France, Italy, Spain and Croatia. The Company operates 22,000 mobile-homes under the Tohapi and Vacanceselect brands. Vacanceselect has a strong presence throughout the camping and outdoor accommodation value chain, including rental activities, mobile home sales and online digital distribution.
The transaction, is subject to customary closing conditions, including an employee consultation process and antitrust approvals.