An American private equity giant is reported to be making moves to snap up North East holiday park operator Parkdean Resorts in a £2bn takeover deal.
Parkdean Resorts has been rumoured to have been up for sale since last October, amid moves by owners Canadian investment group Onex to make a tidy profit on the £1.35bn it paid for the Newcastle business back in 2016.
Parkdean Resorts, which has around 750 employees at its Gosforth head office, was formed in 2015 by the merger of Parkdean Holidays and Park Resorts, selling to Onex a year later. It now operates 66 parks across the UK.
