Mubadala Capital Launches US$1,143,800,000 Takeover Bid For Pierre & Vacances-Center Parcs

Mubadala Capital has submitted a binding US$1.143 Billon take over offer for Pierre & Vancances-Center, one of Europe's largest leisure and hospitality operators, in a transaction that could result in the company's delisting after nearly three decades as a publicly listed business.

The offer, unanimously supported by the company's baord, values the group at $1.90 per share, with a potential additional payment if a squeeze-out process is implemented. Operating more than 45,000 apartments, houses and villas across 330 destinations, Pierre & Vacances-Center Parcs is a leading player in Europe's experience-led tourism sector.

The proposed acquisition reflects growing investor confidence in hospitality and leisure assets, as demand for destination-based travel and experential tourism continues to strengthen across Europe.

Advisory Team:

Baker Mckenzie

Veronique Millischer

Robin Gaulier

Aurore Cormary

Stephane Taieb

Benoit Granel

Wibren Veldhuizen

Fons Ravelli

Isabelle Bronzwaer

Gery Bombeke

Stephane Martin

Sonja Klein

Aurelie Goville

Arnaud Charpentier

Marguerite Le Nail

Eleonore d'Anthonay

Vanessa Chaillan

De Pardieu Brocas Maffei

Cedric Chanas

Sandra Aloui

Anne-Laure Drouet

Sebastien Boullier de Branche