Find your Advisor

Deal Announcement - Consumer & Retail - PVCP

IMAP is pleased to announce that Degroof Petercam – IMAP France acted as financial advisor to Pierre & Vacances Center Parcs on the Group's financial restructuring, which saw the entry of three new shareholders: Alcentra, Fidera, and Atream.

The financial restructuring operation will enable the Group to divide its gross debt by three, as well as return to a sustainable level of debt significantly lower than even before the COVID health crisis. The new consortium formed by Alcentra, Fidera and Atream will dispose of 49.8% of the capital on a diluted basis, while the Group's creditors will hold 13% of the capital with a free float of approximately 37.2%.

Pierre & Vacances Center Parcs is a tourism, holiday, and leisure activity services provider. It was founded and developed until now under the control of Gérard Brémond. Following this financial restructuring, it has a renewed and solid shareholder base, as well as a financial structure which will enable management to accelerate an ambitious development and value creation strategy.

The Degroof Petercam – IMAP France team, led by Franck Silvent, acted as joint financial advisor to Pierre & Vacances Center Parcs. Degroof Petercam’s role in this transaction, which is one of the largest financial restructuring operations in France in 2022, is a perfect illustration of the bank's ability to bring additional value to complex, high-stakes financial transactions, particularly when they involve Groups in which family ownership is an essential component.

Contact us
Middle-market M&A is a world of opportunity, and with that comes a sea of options and moving parts. Your advisor is the compass. Contact us for a no-commitment consultation with an M&A specialist, who’ll listen carefully to your concerns and give an honest, unbiased assessment on the best way forward.
Our business is your business growth
more information? 

Contact us 

We love to hear from you. Our team is always here to chat.

Contact form 

Thank you for your interest in IMAP. Please use the form below to tell us more about your current situation and we’ll be sure to have the right professional get back to you as soon as possible.