Portfolio update: ICG Enterprise Trust investing in European Camping Group

European Camping Group property
ECG is a leading tour operator specialised in the mobile home holiday market

ICG Enterprise Trust plc (ICGT) is pleased to announce that it is investing alongside funds advised by PAI Partners to support European Camping Group’s (ECG) acquisition of Vacanceselect in a transaction that is expected to create the 3rd largest operator of mobile holiday homes in Europe.

The investment is being led by PAI Europe VII and PAI Europe VIII (Funds). ICGT will invest as a limited partner in the Funds and also through a co-investment. This follows the completion of a co-investment in ECG alongside PAI Fund VII in December 2021 and brings ICGT’s total investment in the combined company to €17.7m (£15.6m) on a look-through basis.

ECG is a leading tour operator specialised in the mobile home holiday market, offering its customers over 23,000 high-quality holiday lets located in 300 European destinations. Headquartered in Montpellier, France, Vacanceselect has a broad European presence, operating in over 270 campsites across holiday-making destinations such as France, Italy, Spain and Croatia. Vacanceselect operates more than 22,000 mobile homes under the Tohapi and Vacanceselect brands.


Analyst / Investor enquiries:

Oliver Gardey, Head of Private Equity Fund Investments, ICG
Colm Walsh, Managing Director, ICG
Chris Hunt, Head of Shareholder Relations, ICG
Livia Bridgman Baker, Shareholder Relations, ICG
+44 (0) 20 3545 2000


Clare Glynn, Corporate Communications, ICG
+44 (0)20 3545 1395