French park operator Siblu Holdings, formerly Haven Europe, has attracted a £100 million refinancing package to help fund new site acquisitions.
The company, which owns eight parks, aims to double in size with a £40 million acquisition programme as a result of the refinancing.
Following a management buy-out from former owner Bourne Leisure two years ago, Hermes Private Equity has acquired a 29.5% stake in the company.
Siblu owns and operates parks which house mobile homes for tourists. UK and French holidaymakers have bought around 4,000 of these mobile homes and pay an annual fee, while owners can sublet through Siblu. Around 1,000 are still owned by the company.
Siblu chief executive Leslie Hurst said: “The French market for holiday home ownership had grown rapidly over the last decade but there are still many opportunities to build the business.
“We have acquisitions in the pipeline and we look forward to working with Hermes to build our leading position in the French market.”
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