Private equity firm Phoenix is understood to be close to buying Weststar Holiday Parks, a caravan park operator, for about £30m.
The firm has been keen to break into the caravan sector for some time and has now entered into a period of exclusive negotiations to buy the privately-owned Weststar.
If the deal goes through it will be the latest of a series of such acquisitions over the past few months.
Last year ABN Amro Capital bought GB Holidays and Park Resorts while Parkdean Holidays, the only quoted caravan-park company, bought five sites from the market leader Bourne Leisure.
References: Sunday Times Business 16/01/05 page 2
