Ropes & Gray has advised PAI Partners on its agreement to sell a significant minority stake in European Camping Group (ECG) to a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). PAI will remain the majority shareholder of ECG following completion of the contemplated transaction, which is subject to customary regulatory approvals.
This transaction will mark a significant milestone in ECG’s evolution as a European leader in outdoor accommodation. PAI has been a dedicated partner to ECG since 2021 and further strengthened its commitment in 2023 with the transformational acquisition of Vacanceselect, solidifying ECG as pan-European platform in the outdoor accommodation sector. ADIA will now join PAI to further support the growth of the business.
The Ropes & Gray team was led by private equity partner Fabrice Cohen, with support from private equity counsel Raphaël Durand, and associates Alexis Mesnildrey and Jean-Christophe Urrutia-Calvet.
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