ABN AMRO Capital has acquired holiday parks operator Roompot in a secondary buyout from Dutch private equity firm Bencis Capital Partners. Management will remain a significant shareholder in the company. Financial details of the transaction were not disclosed.
Bencis Capital Partners acquired Roompot in March 2003 and since then has pursued a successful growth strategy resulting in doubling both sales and profitability. This growth was accomplished both through autonomous growth and acquisitions of various holiday parks including Weerterbergen, de Katjeskelder and Kijkduin.
Founded in 1965, Roompot now owns 24 mainly seaside holiday parks and employs 750 staff. Turnover is expected to reach E125m in 2005.
Jeroen Pit, managing partner at Bencis Capital Partners, said: “The Roompot investment clearly demonstrates the Bencis approach to substantial value creation. Together with management we have grown Roompot into the clear consolidator in the Dutch holiday parks market.”