December 17, 2016 / 1:02 AM / a year ago

Onex acquires Parkdean Resorts for £1.35 billion

(Reuters) - Private equity firm Onex Corp (ONEX.TO) said on Friday it has agreed to acquire caravan holiday parks operator Parkdean Resorts for £1.35 billion (C$2.25 billion).

Parkdean Resorts, headquartered in Hemel Hempstead and Newcastle, operates 73 caravan holiday parks across England, Scotland and Wales, selling more than 500,000 holidays and short breaks a year.

    The transaction is expected to close in the first quarter of 2017, subject to customary conditions and regulatory approvals.

    (1 Canadian dollar = 0.6003 pound)

    Reporting by Diptendu Lahiri in Bengaluru

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