Mubadala Capital has submitted a $1 billion bid to acquire France’s Pierre & Vacances-Center Parcs, expanding its footprint in Europe’s leisure and tourism sector.
The offer, made by the alternative asset management arm of Abu Dhabi’s Mubadala Investment Company, values the company at EUR 1.90 per share. Shareholders could receive an additional EUR 0.10 per share if Mubadala completes a squeeze-out process and delists the company from the Euronext Paris exchange.
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Pierre & Vacances-Center Parcs said its Board of Directors unanimously welcomed the proposed transaction during a meeting held on June 19, 2026. Representatives of major shareholders Fidera Limited, Benefit Street Partners, and Pastel Holding, which collectively control 58.6% of the company’s share capital, also expressed support for the deal.
To complete the acquisition, Mubadala Capital must secure commitments from at least 80% of shareholders by July 17, 2026.
The proposed transaction reflects continued interest from Gulf investors in European consumer, hospitality, and leisure assets as international travel demand remains resilient and tourism markets continue to recover.
“This transaction follows Mubadala Capital’s recent take-private transactions in North America and builds on its direct experience in the European leisure sector,” said Antoun Ghanem, Partner at Mubadala Capital.
Founded in France, Pierre & Vacances-Center Parcs operates holiday resorts, leisure destinations, and tourism accommodations across Europe. The company is one of the continent’s largest leisure and vacation operators, with a portfolio spanning multiple countries and travel segments.
For Mubadala Capital, the acquisition would expand its exposure to the global travel and hospitality sector while strengthening its presence in European consumer-focused assets. The deal also aligns with a broader trend of sovereign and institutional investors seeking opportunities in sectors benefiting from sustained tourism growth and rising consumer spending.
Pierre & Vacances stated that the proposed acquisition is part of a broader strategic review aimed at strengthening its capital structure and supporting long-term growth initiatives.
If completed, the transaction would mark one of Mubadala Capital’s largest European leisure investments and further demonstrate the growing role of Gulf investors in shaping ownership of major tourism and hospitality assets across international markets.
Why Mubadala Capital Bidding Matters to MENA
The proposed acquisition highlights how Gulf investors are increasingly targeting global consumer, hospitality, and tourism assets as part of broader diversification strategies. For Mubadala, the deal strengthens its exposure to sectors benefiting from rising travel demand while expanding its presence in Europe.
The transaction also underscores the growing influence of MENA sovereign investors in international mergers and acquisitions, particularly in industries aligned with long-term consumption, tourism, and economic growth trends.
