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Brookfield cobbling consortium to salvage Center Parcs sale

Brookfield is attempting to fashion a consortium out of the remaining bidders for Center Parcs, after a final bid deadline passed without any offers being made.

The Canadian private equity group put the holiday resorts company up for sale earlier this year, aiming for a valuation of about £4bn.

Three remaining bidders — Singapore’s GIC and private equity groups Antin Infrastructure Partners and KSL Capital Partners — were scheduled to submit second-round bids by the end of July, but no formal offers have been made.

In an effort to secure a sale, advisers to Brookfield are trying to construct a consortium from the bidders to spread the hefty cost of a deal. Barclays, Bank of America and Eastdil Secured are advising Brookfield.

The Canadian group may still opt to offload a minority stake to a single bidder or also hang on to the business.

The FT (£)

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