Platinum Equity becomes the new owner of Landal GreenParks
Continuing to build on international growth under a new investor
Landal GreenParks has been acquired by a new owner. Parent company Wyndham Worldwide reached an agreement today with Platinum Equity about the takeover of the entire European division, which apart from Landal GreenParks also includes brands such as Novasol, Hoseasons, cottages.com and James Villa Holidays. Platinum is an American investment fund which has stakes in various companies. It is anticipated that the transaction with Wyndham will be completed in the second quarter of 2018.
Wyndham Worldwide announced in August 2017 that it would be splitting into two separate companies. Therefore, strategic options were explored for a takeover of the European division. The board of directors and management team of Landal GreenParks have been intensively involved over recent months with determining the best route forwards together with Wyndham. The starting point in all discussions and during the exchange of information was to position Landal GreenParks in the best possible way for the further development of our company.
“Platinum is adding a number of splendid brands to its portfolio of companies with Landal GreenParks and the other companies in the European division of Wyndham. The power of our brand, the strong focus on our guests and our strategic plans were significant reasons for Platinum to want to acquire Landal”, said Thomas Heerkens, Managing Director of Landal GreenParks.