Private equity big KKR has achieved an agreement to buy the Dutch trip business Roompot from European personal equity firm PAI Associates, the corporations mentioned in a assertion.
Monetary phrases were not disclosed, but Reuters, citing a supply familiar with the transaction, mentioned Roompot was valued at $one.twelve billion.
The business is the second-premier operator of trip parks in Europe. It directly owns and operates 33 parks in the Netherlands, Germany, and Belgium and has exceptional agreements with additional than one hundred 3rd-occasion park operators.
PAI reportedly commenced on the lookout for a purchaser in Oct of past yr. In March, it planned to start a official sale course of action but known as that off thanks to the pandemic.
“KKR is investing in Roompot by our Main Investments strategy, which is our pool of money for lengthier-phrase investments, and we seem forward to doing the job with Jurgen and