Personal fairness huge KKR has attained an settlement to buy the Dutch holiday vacation organization Roompot from European private fairness firm PAI Companions, the companies mentioned in a assertion.
Economical phrases were not disclosed, but Reuters, citing a source acquainted with the transaction, mentioned Roompot was valued at $1.12 billion.
The organization is the 2nd-premier operator of holiday vacation parks in Europe. It instantly owns and operates 33 parks in the Netherlands, Germany, and Belgium and has unique agreements with much more than 100 3rd-get together park operators.
PAI reportedly started searching for a buyer in Oct of final calendar year. In March, it planned to start a formal sale process but called that off due to the pandemic.
“KKR is investing in Roompot by our Main Investments technique, which is our pool of cash for lengthier-expression investments, and we appear forward to doing work with Jurgen and his crew