November 27, 2014 8:53 PM ET

Hotels, Restaurants and Leisure

Company Overview of Center Parcs (UK) Group Limited

Company Overview

Center Parcs (UK) Group Limited operates holiday villages for family and activity holidays, short breaks, weekend breaks, and spa breaks in the United Kingdom. The company provides holiday accommodation in villas, apartments, and holiday lodges. The company's facilities include restaurants, bars, retail outlets, and spa facilities; and sports and leisure activities. The company was founded in 1972 and is based in Newark, United Kingdom. The company has locations in Cumbria, Nottinghamshire, Suffolk, and Wiltshire, United Kingdom. Center Parcs (UK) Group Limited is a former subsidiary of Collins Stewart LLC.

One Edison Rise

New Ollerton

Newark,  NG22 9DP

United Kingdom

Founded in 1972

Phone:

44 87 0067 3000

Fax:

44 87 0067 3099

Key Executives for Center Parcs (UK) Group Limited

Chief Executive Officer and Director
Age: 52
Finance Director and Director
Age: 47
Director of Operations
Age: 57
Director of Information Technology
Age: 47
Secretary and Member of Risk Committee
Compensation as of Fiscal Year 2014.

Center Parcs (UK) Group Limited Key Developments

Blackstone Reportedly Rejects $2 Billion Offer For Center Parcs

BC Partners and Bank of Canada Pension Fund have had $2 billion joint takeover offer for Center Parcs (UK) Group Limited reportedly rejected by owner The Blackstone Group L.P. (NYSE:BX). US investment conglomerate Blackstone is understood to have rejected the offer because it undervalued the British holiday park operator. A report on Sky News last night said it would proceed with its plans to either auction or float the group at some point next year. BC Partners and CPP are expected to come back with another offer for the leisure group. Blackstone hired investment bank Rothschild last month to draw up list of strategic options for Center Parcs. Among those options is a refinancing of the company that would provide shareholders with sizeable payday before a sale or flotation.

Centre Parcs Reportedly Eyes £2 Billion Sale Or Float

The Blackstone Group L.P. (NYSE:BX), the owner of Center Parcs (UK) Group Limited is gearing up for a £2bn sale or stock market flotation. Blackstone has hired Rothschild to undertake a review of strategic options for Centre Parcs. Blackstone is expected to consider a range of options including a refinancing that would enable it to take out a sizeable dividend ahead of a sale or float. However, it is unlikely anything will happen before next year, a source close to the situation said.

Blackstone To Reportedly Raise Financing For Center Parcs

The Blackstone Group L.P. (NYSE:BX) has asked banks to pitch refinancing proposals Center Parcs (UK) Group Limited ahead of an expected initial public offering, Bloomberg reported citing three people with knowledge of the matter. Options include using new borrowings to pay The Blackstone Group L.P., a dividend of about $506 million ahead of a possible initial public offering in London in 2015. Spokesmen for The Blackstone Group L.P. and Center Parcs (UK) Group Limited declined to comment.

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