AAC Capital Partners and management sell majority stake in RP Holidays to Gilde Buy Out Partners

Amsterdam, Kamperland, Utrecht - AAC Capital Partners, a leading northern European mid-market private equity investor, and the management of RP Holidays announce that they have reached an in-principle agreement on the sale of a majority shareholding in RP Group B.V. ('RP Holidays') to Gilde Buy Out Partners ('Gilde'). Terms of the agreement have not been disclosed.

Henk van Koeveringe, CEO and important shareholder of RP Holidays, will reinvest in the company together with other members of the management team. The acquisition by Gilde will support RP Holiday's growth strategy that is aimed at further expansion in both the Netherlands and the rest of Europe.

RP Holidays achieved a turnover of EUR 233 million in 2010 and has a workforce of 1,800. The Company operates 31 holiday parks in the Netherlands and Germany. Its tour-operating activities offer holidays throughout Europe.

Gilde is an independent private equity investor with operations in the Netherlands, Belgium , Germany, Switzerland and France. It manages funds in excess of EUR 2 billion and is majority shareholder in amongst others Gamma Holding, Hofmann MenĂ¼, Royal Nedschoef, Powerlines and Plukon Royale.

The transaction is subject to approval from the relevant competition authorities and will be reviewed by the company's works council.

Rabobank International M&A, ZuidWest Bedrijfsadviseurs, De Brauw Blackstone Westbroek and Loyens & Loeff acted as financial and legal advisors to the shareholders of RP Holidays.

RP Holidays
Mr H.J. van Koeveringe
managing director
Tel. +31 113374110