Yolanda Bobeldijk
Hg sold the business for £375m to Duke Street/Tikehau and Partners Group
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The sale comes as Forbion is currently attempting to collect €150m for Fund III
The sale comes after Aurelius netted a 24.5x return on the sale of Hungarian-based Framochem last week
The London-listed investment trust has now invested more than £100m in the holiday park sector
The firm, which also raised €650m for co-investments, has put in a GP commitment of 4%
Altor and Investor will sell the business for €2.3bn, which includes a €200m performance-based vendor note
The fund, which held a €300m first close last December, is already 20% deployed
The firm, which has been backed by the EIF, aims to raise €100m for its second vehicle
The fund, which only came to market in May, is targeting a €250m final close by year-end
Some of the LP stakes in the fund have been bought by Lexington and Newbury