Clearwater France advises European Camping Group on the acquisition of Palmiers Ocean

Transaction

European Camping Group, The Carlyle Group acquired Palmiers Ocean

Buy-side

Undisclosed

Role

Adviser to European Camping Group, The Carlyle Group on its acquisition of Palmiers Ocean

Sector

Consumer

Region

France & Belgium

Clearwater France advises European Camping Group (formerly known as Homair Vacances) and The Carlyle Group, on the acquisition of Palmiers Ocean.

Leading mobile home holiday operator, European Camping Group, to acquire Palmiers Ocean, the renowned French tour operator specialising in mobile home holidays, based in La-Roche-Sur-Yon (Vendee).

The European Camping Group, which experienced growth through multiple acquisitions by The Carlyle Group between 2014 and its delist the year after, has tripled its total revenue to reach €300m in 2018. The company plans to increase its mobile home fleet for the next season to 23,000 units.

The acquisition of Palmiers Ocean allows us to broaden our offer in France especially towards employee representative committees. Our intention is to maintain Palmiers Ocean’s brand, well-known by its clients, and help its development by allowing it to benefit from our international network and our digital expertise.
Alain Calmé, Chairman of the European Camping Group and Philippe de Trémiolles, General Manager Finance of the European Camping Group

With this operation, European Camping Group will increase its portfolio of brands and diversify its client-base to nurturer the group’s growth across the European markets.
Clearwater

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