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UK holiday park operator valued at £70m

UK holiday park operator South Lakeland Holidays is being tipped to change hands for about £70 million.

The company, which runs nine parks across the Lake District and Lancashire, has hired Deloitte to consider sale options, according to the Sunday Times.

A deal could trigger the start of a long-awaited consolidation among domestic holiday operators, several of which are owned by private equity investors, the newspaper claimed.

South Lakeland is being sold by Nama, the Irish agency responsible for managing bad loans outstanding after the collapse of Ireland’s banks, the report said.

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