The UK-based Center Parcs group of family holiday centres, currently up for sale, may be snapped up by the former owner of the Formula One racing car series, CVC Capital Partners, a French-owned Luxembourg-based private equity company.
CVC has a history across many sectors, but the gambling industry is a stand-out component, having a majority in Sky Betting and Gaming in 2015 and subsequently acquiring German betting company Tipico, which it still owns.
It was this week named among the prospective buyers for Center Parcs, through its long-erm Strategic Opportunities Investment fund, says Sky News.
If successful, the addition of Center Parcs would strengthen CVC’s staycation portfolio in the UK, as it already controls Away Resorts since 2021. Center Parcs is currently owned by Brookfield Property Partners of Canada. It is thought that a deal would pitch Center Parcs value at between £4-£5bn.
