Sunsuper acquires remaining holiday parks stake, PE exits
Sunsuper, the Australian superannuation fund, has acquired control of Discovery Holiday Parks, paving an exit for Next Capital, Allegro Funds and Macquarie Funds. The deal, which values the asset at A$240 million ($215 million), will see Sunsuper raise its stake from around 30% to 98%.
Discovery is one of Australia's largest owners of holiday parks and mining camps, with 31 properties under its ownership across all of Australia's states. AVCJ Research shows Allegro Funds - then ABN...
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