LONDON (Alliance News) - Parkdean Resorts is understood to be moving closer to a float in London after delivering a big rise in holiday bookings following its creation from the merger of Park Resorts and Parkdean Holidays.
In November last year, the pair merged to create the biggest holiday operator in the UK.
Electra Private Equity, the mid-cap private investor investor, owns a 45% stake in the combined business. The balance is owned by Alchemy Partners.
The Times said speculation has increased the business will look to float, though industry sources said Electra and Alchemy exiting the investment is unlikely before the end of the year.
http://www.thetimes.co.uk/article/parkdean-closes-in-on-1bn-plus-float-cs5cjkvm7
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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