New investments by EuroParcs shareholders, including investment company Waterland, should protect EuroParcs from forced sales of holiday parks, the FD reports based on its own research.
EuroParcs, which consists of sixty holiday parks in the Netherlands and abroad, has been in financial trouble for years. After months of negotiations, creditors have now persuaded shareholders to pay millions of euros, so that the forced sale of the parks is off the table. The provider of holiday homes has a debt of more than €200 million to the American private lender Ares, Rabobank and ABN Amro.
Investment company Waterland from Bussum has had a majority stake in EuroParcs since 2019 and must therefore open its wallet as a major shareholder. The Bussum company has already invested €100 million in the provider of holiday homes. It is not known exactly how much Waterland will contribute.
EuroParcs found itself in dire straits after the revival during the corona period, when holiday homes were hot. War, energy crisis, high inflation, rising interest rates and changes in the tax regime are scaring off potential buyers, according to EuroParcs CEO Wouter Vos.
