| Formula One owner CVC Capital partners and Singapore’s sovereign wealth fund GIC have launched a joint bid of around £2.5bn for leisure group Center Parcs. The pair are one of several parties circling the group after its private equity owner Blackstone said it was considering an ownership overhaul yesterday, including “private or public equity or debt capital markets”.
Abu Dhabi Investment Authority is also said to be interested in joining the bid with CVC and GIC, while Carlyle, the co-owner of RAC, is also said to be considering an offer. Center Parcs is run by Martin Dalby, who has been its chief executive since 2000. Blackstone took over the company in 2006...............................................Full Article: Source
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