We advised The Equity Club, a club deal promoted by Mediobanca, on the acquisition of a minority stake in Club del Sole, a leading company in the camping village market within Italy and with more than 20 managed sites, from NB Aurora, a permanent capital vehicle listed in the Euronext MIV professional segment on the Italian Stock Exchange.
The investment made by The Equity Club, totalling approximately €100m and which a portion is a capital increase, aims to provide the company with new resources to continue the sector's consolidation process. The founders of Club del Sole, the Giondi family, will retain a majority shareholding and lead the industrial project, while NB Aurora will reinvest and maintain a minority stake in the company.
Founded in 1974 by the Giondi family, Club del Sole is the leading Italian operator in outdoor tourism, managing 23 camping villages across seven regions in North and Central Italy. Over the years, the company has achieved success through organic growth and acquisitions, positioning itself as a leader in open-air hospitality in Italy with an integrated business model, unified level of infrastructure, and services. In a fragmented market, Club del Sole distinguishes itself with an industrial approach to business and strong managerial governance.
Through this transaction, The Equity Club joins the Giondi family and NB Aurora in the development of Club del Sole, fully sharing the industrial plan and expertise brought by the management team.
We served as an exclusive financial adviser to The Equity Club throughout the acquisition process, assisting the client with structuring and negotiating every aspect of the deal. This transaction reaffirms Clearwater’s European leadership position and long-lasting experience in the open-air hospitality sector.
