Sovereign wealth fund to be in talks for joint S$6.84 billion bid for UK holiday resorts Center Parcs — Sky News Report - Singapore News

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Sky News said that GIC, one of the biggest wealth funds in Asia, already expressed an interest in the company back in 2015, when it made an offer together with CVC Capital Partners, said to be another bidder in an auction to be taking place next week

SINGAPORE: Government Investment Corporation is said to be in talks for a joint £4 billion bid for Center Parcs with private equity investor KSL Capital Partner, according to a June 14 news report. Center Parcs is the largest chain of upmarket holiday resorts in the United Kingdom.

Private equity firm Blackstone, which owned Center Parcs from 2006 to 2015, is reportedly considering a bid to re-acquire the firm. Brookfield has hired Bank of America, Barclays, and Eastdil Secured to manage the sale, which was announced last month with a price range between £4 and £5 billion .

 

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