ADIA to Acquire Stake in European Camping Group, Solidifying European Presence
Deal News | Mar 25, 2025 | Zawya
The Abu Dhabi Investment Authority (ADIA), through a wholly owned subsidiary, will acquire a significant minority stake in the French outdoor accommodation company, European Camping Group (ECG). This acquisition transpires as PAI Partners, a France-based private equity firm, sells a minority stake to ADIA while still maintaining its majority stake in ECG. The acquisition is pending customary regulatory clearances and is projected to finalize in Q2 2025. PAI Partners originally invested in ECG in 2021 and has since expanded its holdings to include VacanceSelect in 2023, aligning the enterprises under the ECG umbrella. ECG operates in 11 countries with brands like Eurocamp and Homair. ADIA, a sovereign investor with $1.06 trillion in assets, has significantly expanded its European investments, holding a 22% portfolio share in the region. This follows its increased commitment to European real estate through Cheyne Capital and initial investments in Pemberton Asset Management's strategies.
Sectors
- Private Equity
- Sovereign Wealth Fund
- Outdoor Accommodation
Geography
- United Arab Emirates – ADIA is based in the UAE and is a significant player in the transaction.
- France – European Camping Group is a French company, relevant to the transaction and involved in the acquisition.
- Europe – ADIA's investment into European Camping Group extends its strategic investment presence in Europe, aligning with its broader portfolio strategy.
Industry
- Private Equity – PAI Partners, a private equity firm, is involved in the transaction, indicating private equity's role in the sale process.
- Sovereign Wealth Fund – ADIA, a sovereign wealth fund, is acquiring a stake in a European company, reflecting the industry's investment activities.
- Outdoor Accommodation – European Camping Group operates within the outdoor accommodation sector, overseeing campsites and mobile homes in Europe.
Financials
- Not Disclosed – The financial terms of the transaction between ADIA and PAI Partners have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Abu Dhabi Investment Authority (ADIA) | Acquiring Company | Company | A sovereign wealth fund from Abu Dhabi acquiring a minority stake in ECG. |
| European Camping Group (ECG) | Target Company | Company | The target company in the transaction, operating outdoor accommodation brands across Europe. |
| PAI Partners | Vendor | Company | Private equity firm selling a minority stake in the European Camping Group. |