The Abu Dhabi Investment Authority (ADIA) has agreed to purchase a significant minority stake in European Camping Group (ECG) from PAI Partners, which will retain its majority shareholding. The transaction, pending customary regulatory approvals, is expected to close in the second quarter of 2025.
ECG operates across 11 European countries under brands like Eurocamp and Homair. Since PAI Partners’ initial investment in 2021, ECG has expanded its portfolio, notably acquiring VacanceSelect in 2023 to enhance its campsite and mobile-home offerings.
ADIA, managing assets estimated at $1.06 trillion, continues to diversify its European investments. In March 2024, it increased its commitment to Cheyne Capital’s European real estate private credit strategy, bringing its total investment to $836 million. citeturn0search12 Additionally, in June 2024, ADIA served as an anchor investor for Pemberton Asset Management’s NAV financing strategy, contributing to a first close exceeding $1 billion.
This move aligns with ADIA’s strategy to invest in diverse sectors and geographies, reinforcing its presence in the European market.
