September 30, 2016 4:36 AM ET

Hotels, Restaurants and Leisure

Company Overview of Center Parcs (UK) Group Limited

Company Overview

Center Parcs (UK) Group Limited operates holiday villages for family and activity holidays, short breaks, weekend breaks, and spa breaks in the United Kingdom. The company provides holiday accommodation in villas, apartments, and holiday lodges. The company's facilities include restaurants, bars, retail outlets, and spa facilities; and sports and leisure activities. The company was founded in 1987 and is based in Newark, United Kingdom. The company has locations in Cumbria, Nottinghamshire, Suffolk, and Wiltshire, United Kingdom. Center Parcs (UK) Group Limited is a former subsidiary of Collins Stewart LLC.

One Edison Rise

New Ollerton

Newark,  NG22 9DP

United Kingdom

Founded in 1987

Phone:

44 87 0067 3000

Fax:

44 87 0067 3099

Key Executives for Center Parcs (UK) Group Limited

Chief Executive Officer and Director
Age: 54
Finance Director and Director
Age: 49
Human Resources & Commercial Services Director
Commercial Director
Age: 52
Sales and Marketing Director
Age: 54
Compensation as of Fiscal Year 2016.

Center Parcs (UK) Group Limited Key Developments

Center Parcs Group Reports Audited Earnings Results for the Full Year Ended April 23, 2015

Center Parcs Group reported audited earnings results for the full year ended April 23, 2015. For the full year, the company’s revenue was £386.9 million compared to £314.6 million a year ago. Adjusted EBITDA was £170.3 million compared to £134.7 million a year ago. Operating profit was £127.3 million compared to £102.2 million a year ago. Profit before taxation was £22.7 million compared to £8.9 million a year ago. Profit for the period attributable to equity shareholders was £12.4 million compared to £15.3 million a year ago. Net cash from operating activities was £182.6 million compared to £146.0 million a year ago. Purchase of property, plant and equipment was £68.7 million compared to £197.9 million a year ago. Purchase of intangible assets was £3.8 million compared to £2.4 million a year ago. Net debt at end of the period was £1,057.6 million compared to £1,071.7 million a year ago.

Brookfield Asset Management Reportedly Mulls Acquisition Of Center Parcs From Blackstone Group

Brookfield Asset Management Inc. (TSX:BAM.A) is in talks to acquire Center Parcs (UK) Group Limited from The Blackstone Group L.P. (NYSE:BX), people with knowledge of the matter said. Brookfield’s offer of about £2.4 billion topped bids from others, including groups led by Canada Pension Plan Investment Board and CVC Capital Partners Limited, the people said, asking not to be identified discussing private information. Blackstone could reach an agreement to sell the business as soon as next week. The acquisition would be made through Brookfield’s publicly traded subsidiary, Brookfield Property Partners L.P. (NYSE:BPY), and funds managed by the parent, one of the people said. Should the talks fail, Blackstone may proceed with an initial public offering of Center Parcs instead, the people said. Other reported bidders for the company, in partnership with Canada Pension Plan Investment Board or CVC Capital Partners, were GIC Pte. Ltd., Starwood Capital Group, and KSL Advisors, LLC.

Center Parcs Weighs Options Of Sale And Listing

Center Parcs (UK) Group Limited appointed a new chairman yesterday as the race to buy the holiday parks operator intensified, with American property investor Starwood Capital Group emerging as a bidder for the private-equity owned business. The Blackstone Group, Private Equity Group has owned Center Parcs for nine years and is weighing whether to float the company or sell it to a suitor.

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