Vacanceselect is a leading European campsite and mobile-home operator. The Group operates over 25,000 pitches, of which 20,000 are equipped with mobile-homes, chalets or tents, on 269 sites located mainly in France, Italy and Spain.
Vacanceselect
Why we backed them
- Vacanceselect is a European leader with 24,300 pitches, of which 17,500 are equipped with mobile-homes, on over 300 sites located mainly in France, Italy and Spain
- It operates in an attractive segment of the outdoor leisure market, which has demonstrated resilient growth, and fits three key investment themes of the consumer team: value for money, convenience and outdoor living
- It is the only player active across three business models: (i) Mobile home rental on its own sites, (ii) Mobile home rental on partner sites and (iii) Mobile home sales
- The group continues to enjoy strong growth and launched its new Tohapi brand at the end of 2014
- In December 2014, the company strengthened its European position with the acquisition of Canvas Holidays, a significant player in the outdoor accommodation market in the UK and the Netherlands
- It is a well-invested business with a significant asset base: campsites in prime seaside locations in France and a younger than average mobile-home fleet
- The company has a high-quality management team with a clear acquisition and integration track record
The investment strategy
- To support stronger branding and improved yield management
- To increase international distribution
- To help it consolidate the European market which remains very fragmented
The metrics
2015
Acquisition year
N/D
Transaction value