Centre Parcs fuels IPO chatter with new chairman
Centre Parcs has spurred speculation its private equity owner will pursue an initial public offering instead of a trade sale of the business by replacing its long-serving chairman with that of recently-floated fast food giant SSP.
Martin Robinson, who has chaired the holiday parks operator for sixteen years, is to make way for Vagn Sorensen at the start of June.
Blackstone (NYSE: BX - news) has owned the business for nine years and is currently weighing whether to float the company or sell it to a suitor, which include joint bidders CVC (Taiwan OTC: 4744.TWO - news) and GIC, the Singapore sovereign wealth fund, and Brookfield Property .
The private equity house is thought to have valued Centre Parcs at £2.5bn. A decision on whether to opt for an IPO or trade sale is yet to be made.
Mr Sorensen has been chairman of SSP, owner of the Upper Crust and Caffe Ritazza chains found in airports and train stations, since 2006 and helped to float the company on the London stock exchange (Other OTC: LDNXF - news) last year.
Bron en hele artikel: yahoo