Abu Dhabi’s sovereign wealth fund acquires a stake in European Tenting Neighborhood
The majority shareholder in the neighborhood that operates the Eurocamp and Homair brands, PAI Partners, is promoting segment of its stake to the Abu Dhabi Funding Authority, a signal – if any had been wished – of the curiosity proven by prolonged-period of time investors in the outdoors resort replace.
The European Tenting Neighborhood has turn out to be one among Europe’s main outdoors lodging operators, latest in eleven European worldwide locations through its Eurocamp and Homair brands. Through a task of consolidation, supported since 2021 by its majority shareholder the PAI Partners fund, the neighborhood has grown from 280 web sites to extra than 450 on the present time, representing extra than 56,000 pitches and a immediate of forty eight,000 mobile properties. Sales possess grown by a compound annual development price of 15%, and profits possess extra than tripled.
ECG CEO Sébastien Manceau stated: “Our new investor, alongside PAI, will allow us to proceed our development trajectory and consolidate our management in Europe. This new step will allow us to make bigger our geographical diversification and optimise our organic and operational leverage.”
Bertrand Monier, one among PAI’s companions, confirms: “ECG is mainly the most keen embodiment of the true economy, with a number one feature in the outdoors lodging market, underpinned by huge funding, glorious market dynamics and an extraordinary management team. We are delighted to welcome ADIA as a accomplice to enhance this new portion of development.”
Completion of the transaction is discipline to regulatory approvals and is predicted in the second quarter of 2025.
