Graphite Capital sells Park Holidays UK to Caledonia Investments
Graphite Capital has sold Park Holidays UK, Britain's fourth largest operator of static caravan parks, to Caledonia Investments, a UK investment trust company, for £172 million.
Park Holidays UK owns 21 freehold and two leasehold caravan parks with nearly 9,000 pitches in southern England. The group sells caravans to owners and hires caravans to holiday makers. The business was founded in 1985 and was acquired by Graphite in a £130 million management buy-in/buy-out in January 2006.