Permira to Purchase Majority Stake in Vacalians from 21
May 27, 2015
Permira has agreed to acquire a majority stake in French campsite operator Vacalians Group from 21 Centrale Partners. Initially acquired by 21 in late 2011, the company currently manages 24,300 camping spots across 300 destinations. According to reports, Permira will acquire a 75% stake in the company for about €300 million. Over the past four years, the company has quadrupled its revenues and tripled its EBITDA, achieving annual turnover of more than €140 million.