ECG has enjoyed massive profitable growth with PAI as a controlling shareholder since 2021 and is now welcoming ADIA with a significant minority stake. This strategic partnership will accelerate the Group's development and strengthen its European leadership in outdoor accommodation. It also highlights the attractiveness of ECG and its team within the ever-booming camping holiday sector in Europe. Over the past 12 years, this is the third consecutive time that ECG's controlling shareholder welcomes a minority partner for the second part of their camping holidays with us. With PAI and ADIA we will continue to innovate and provide unforgettable and sustainable holidays to our 3 million guests. #Investment #Growth #StrategicPartnership #PAIPartners #ADIA #outdoorholidayexperiences #campsite #tourism
PAI Partners is pleased to announce its agreement to sell a significant minority stake in European Camping Group (ECG), a European leader in outdoor accommodation, to a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). PAI will remain the majority shareholder in ECG. Since 2021, PAI has been actively investing across ECG’s sites and mobile-homes fleet, upgrading facilities and enhancing amenities to elevate the guest experience, while driving revenue growth and profitability. The transformational acquisition of Vacanceselect in 2023 further accelerated growth, solidifying ECG as the only true pan-European platform in the outdoor accommodation sector. We are delighted to welcome ADIA as our fellow shareholder for the next stage of growth, sharing our vision for ECG and the opportunities to build on its success. We look forward to working alongside the ECG management team as we continue to invest to sustain growth and strengthen the company’s position in the €7 billion European outdoor accommodation market. Read more here: https://lnkd.in/efB_HR48 #PAIPartners #PrivateEquity #RealEconomy #ConsumerServices