Overview
- Pierre & Vacances-Center Parcs and Mubadala Capital announced on Monday that they have signed a rapprochement agreement to launch a voluntary cash public offer after securing commitments representing 80.13% of PVCP capital.
- The proposed deal values PVCP at about €1 billion and has been welcomed unanimously by PVCP’s board of directors.
- The parties plan to file the formal offer no later than Q1 2027 and say completion will remain subject to standard regulatory approvals.
- Mubadala has said it will invest to expand guest capacity and modernize PVCP sites, while PVCP management says the move will support customer experience and day-to-day operations.
- PVCP operates brands such as Center Parcs, Maeva and Adagio, reported nearly €2 billion in revenue last year, and began a strategic review in mid-2025 that opened the door to this ownership change.