Private equity firm Stirling Square Capital Partners has sold European holiday village operator Siblu Villages to private equity firm Naxicap.
Siblu operates 22 holiday villages in France and the Netherlands.
Stirling Square acquired Siblu in August 2015 and since then it has significantly expanded Siblu’s French operations with five park acquisitions and five land acquisitions, and entered the Dutch market with two park acquisitions.
Siblu’s overall pitch capacity has grown by 45% over the four-year ownership period and its EBITDA nearly doubled from €20 million (£17.7 million) at entry to €39 million (£34.5 million) at exit.
Julien Horreard, Partner at Stirling Square, said: “Today Siblu is the undisputed market leader in France, with a clearly defined pathway of future growth and consolidation in France and the Netherlands. We are delighted with the transformation we have achieved alongside the management team over the past four years, and wish them the very best in their next chapter with Naxicap.”