Butlin’s

Blackstone makes confident UK market move with acquisition of Butlin’s parent group

Global private equity investment fund specialist Blackstone has completed its acquisition of Bourne Leisure in a deal reportedly worth £3bn (US$4.12bn). Among Bourne Leisure’s portfolio is the traditional holiday resort chain Butlin’s, which has, in recent years, invested heavily in revamping its conference and event facilities. Funds managed by Blackstone Capital Partners and Blackstone Real Esta...

Blackstone in talks to take on UK Butlin’s owner Bourne Leisure

Private equity group Blackstone is in the talks to take over UK holiday resort and conference centre provider Butlin’s owner Bourne Leisure, The Times newspaper, London, has reported. The US-based investor is said to be keen to want to take advantage of the trend in staycations, which is likely in the first instance after the Covid-19 pandemic subsides before international travel resumes. The news...