[Camp]firing up our portfolio
June 26, 2018
It’s summer vacation and we’re not just setting tent stakes. We acquired a 40% stake in the European Camping Group (ECG).
ECG owns and operates a rental fleet of more than 20,000 mobile-home holiday rentals, in about 300 campsites across Croatia, France, Italy and Spain.
People tend to be keen on s’more downtime away from the hustle and bustle, whether the economy is flying high or in a slump. This makes ECG’s business of offering high-quality, affordable vacations resilient to economic shifts. In fact, over the last decade the company has created 25% annual growth.