One of the founding families of Bourne Leisure is reportedly looking to buy the Butlin’s holiday parks business back from current owner Blackstone for around £300 million.
Sky News reported that a vehicle connected to the Harris family is closing in on a deal. If the business does change hands it would take the returns generated by Blackstone to over £600 million. Earlier this year it sold the real estate assets of the famous holiday resort operator for £300 million to the Universities Superannuation Scheme.
Back in 2021 Blackstone completed a deal to buy Bourne Leisure, which also includes the Haven and Warner Leisure Hotels for around £3 billion.
It was reported at the time that the Harris, Cook and Allen founding families would retain a significant minority stake.
Bourne Leisure originally acquired Butlin’s in 2000 as part of a £700 million deal with leisure conglomerate Rank
Butlin's currently has three sites: at Skegness, Minehead in Somerset and Bognor Regis.