The Aurum Perspective – Is it a good idea to have leverage-buyouts in order to fulfil your growth aspirations?
Two years ago CVCI invested $137.75 million in Cox & Kings’ unit Prometheon, part of which was used to repay debt taken to acquire Holidaybreak.
The completion of the deal is subject to regulatory approvals and is expected in three months.
Homair Vacances will pay £85.5 million ($143.19 million) in cash on completion and £3.7 million ($6.19 million) is deferred relating to a tax refund.
The camping division provides outdoor family holidays on over 170 third-party owned campsites across 12 European countries.
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