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last mo.

Mubadala Capital Makes Firm Takeover Offer for Pierre & Vacances Center Parcs

If enough shareholders accept and regulators sign off, the Abu Dhabi fund would gain control and supply new investment capacity to the group's parks and holiday brands.

Center Parcs est devenu la pépite de l’entreprise, créé en 1967 par Gérard Brémond.
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Overview

  • The offer values Pierre & Vacances Center Parcs at roughly €1 billion by proposing €1.90 per ordinary share plus a possible €0.10 top-up if the company is delisted at the end of the offer.
  • The company's board, management and the three reference shareholders have backed the bid, giving Mubadala de facto control of about 60% of the capital.
  • The deal is conditional on additional shareholders tendering shares to reach an approximately 80% acceptance threshold by July 17, 2026, for the project to proceed.
  • Mubadala plans a formal filing in the first quarter of 2027 and the transaction must clear French and European regulatory reviews before it can close.
  • Pierre & Vacances Center Parcs, which owns Center Parcs, Maeva and Adagio, was restructured after heavy Covid-era losses in 2022 and the takeover could fund renovations and expansion while leaving current management in place.