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  #1  
Old 20-12-2016, 09:37
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Bells64 Bells64 is offline
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Default Parkdean sold

It seems that Parkdean has been sold to a Canadian equity firm. They say they a planning to spend 600 million on expansion plans. Wonder if these plans will be affected by the recent Watchdog program, critising their terms on of length of stay on one site, which they have now backed down on.

http://www.telegraph.co.uk/business/...an-onex-135bn/
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  #2  
Old 20-12-2016, 10:52
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rainbow rainbow is offline
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So, anyone who doubts the big boys are in it to maximise profits should read the article Heather has provided the link to in her post.
Epiris, the Parkdean owners sell out for 1.35bn to Onex Corporation of Canada.
Ownership goes from one private equity company to another.
Like any other such venture, the plan is always to grow the business, increase the profits and to ultimately sell on again.
With private equity companies as owners, I can tell you from personal experience that every 1 spent has to make 5 ( at least !).
It will be interesting to hear how this affects existing caravan owners on their parks. Hopefully not to their detriment.
Back to the importance of having a good contract in place, yet again !!
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Old 20-12-2016, 12:14
treetopper treetopper is offline
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Default

Quote:
Originally Posted by rainbow View Post
So, anyone who doubts the big boys are in it to maximise profits should read the article Heather has provided the link to in her post.
Epiris, the Parkdean owners sell out for 1.35bn to Onex Corporation of Canada.
Ownership goes from one private equity company to another.
Like any other such venture, the plan is always to grow the business, increase the profits and to ultimately sell on again.
With private equity companies as owners, I can tell you from personal experience that every 1 spent has to make 5 ( at least !).
It will be interesting to hear how this affects existing caravan owners on their parks. Hopefully not to their detriment.
Back to the importance of having a good contract in place, yet again !!
I can put my drum away now,as I have posted in the past about equity firms....and they actually took over an caravan insurance company massive debts....
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Old 20-12-2016, 18:08
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Firefly Firefly is offline
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I've recently found out the company who owns our park have sold two parks in Northumberland. I was told they did not feel they could make any more improvements and that they needed the money to buy parks in Wales. I wonder how long it will be before they sell our park and who will take it over. Most of the roads are now tarmaced and most of the vans now sit on concrete pitches with tarmaced car space and paved patios. The only thing left as far as I can see is the building of this new swimming pool and spa. Once that is finished, we may be for the chop as well.
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