Sun Communities’ £186 Million Acquisition of Park Leisure 2000 Ltd.

In UK Jones Day, advised on the matter.

Jones Day advised Sun Communities, Inc. with a team including Vica Irani (Corporate M&A), Ben Larkin (Picture – Corporate M&A).

Premium holiday park operator Park Leisure has been sold to US-based real estate investment trust [REIT] Sun Communities for an enterprise value of £182 million by investment and advisory firm, Midlothian Capital Partners [MCP], and a consortium of investors.

The transaction remains subject to regulatory approvals, as well as the now-confirmed completion of Sun’s acquisition of Park Holidays for £950 million [$1.3 billion], and is expected to close in the second half of this year.

Founded in 1998, Park Leisure operates eleven five-star parks all located in coastal areas or areas of outstanding natural beauty across the UK. In the meantime, the group has built a portfolio of owner-led parks with approximately 2,900 pitches.

The Jones Day team was led by Ben Larkin (Picture) and Vica Irani.

Involved fees earner: Vica Irani – Jones Day; Ben Larkin – Jones Day;

Law Firms: Jones Day;

Clients: Sun Communities, Inc.;

Author: Giulia Di Palma