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Thursday, September 25, 2014

Center Parcs owner hires Rothschild to assist a 2 billion stg exit -Sky News, (NYSE: BX)

U.S. private equity group Blackstone Group LP, owner of Center Parcs, has appointed investment bank Rothschild to prepare a 2 billion pound ($3.3 billion) sale or flotation of the British holiday resorts group, Sky News reported. Among the options on which Rothschild will advise Blackstone and Center Parcs' board is a further refinancing that would enable shareholders to land a big payday ahead of a sale or stock market listing, the broadcaster said.( has owned Center Parcs since 2006.Blackstone, Center Parcs and Rothschild were not immediately available for comment.

The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX fell by 0.81% or $-0.255/share to $31.40. In the past year, the shares have traded as low as $24.50 and as high as $36.08. On average, 4397760 shares of BX exchange hands on a given day and today's volume is recorded at 2998178.