September 25, 2014 / 7:24 PM / in 5 years

Center Parcs owner hires Rothschild to assist a 2 bln stg exit -Sky News

Sept 25 (Reuters) - U.S. private equity group Blackstone Group LP, owner of Center Parcs, has appointed investment bank Rothschild to prepare a 2 billion pound ($3.3 billion) sale or flotation of the British holiday resorts group, Sky News reported.

Among the options on which Rothschild will advise Blackstone and Center Parcs’ board is a further refinancing that would enable shareholders to land a big payday ahead of a sale or stock market listing, the broadcaster said.


Blackstone has owned Center Parcs since 2006.

Blackstone, Center Parcs and Rothschild were not immediately available for comment.

1 US dollar = 0.6135 British pound Reporting by Rama Venkat Raman in Bangalore; editing by David Clarke

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