Onex has agreed to purchase Parkdean Resorts, an operator of campgrounds and caravan parks in the UK, from Epiris and Alchemy Partners for £1.35 billion. Onex will make a $750 million equity investment as part of the deal. Epiris, meanwhile, which recently changed its name from Electra Partners, will receive proceeds of £405 million on the sale, with total proceeds of £515 million over the holding period equating to 3.9x return and a 46% IRR from its initial 2012 investment.
It’s a major deal in what’s otherwise been a quiet 2016 for private equity in the restaurants, hotels & leisure sector. PE investors worldwide have completed 175 deals in the space so far, according to the PitchBook Platform, which shapes up to be the lowest total of the past four years. The biggest name to hit the block this year: Krispy Kreme Doughnuts, which JAB Holding and BDT Capital Partners acquired for $1.35 billion in July.
A slight downturn in activity, though, doesn’t mean some PE shops aren’t plenty active. Here are the 10 busiest firms in the restaurants, hotels & leisure sector since the start of 2010, including add-ons: