Private equity firm Onex Corp (ONEX.TO) said on Friday it has agreed to acquire caravan holiday parks operator Parkdean Resorts for £1.35 billion (C$2.25 billion).
Parkdean Resorts, headquartered in Hemel Hempstead and Newcastle, operates 73 caravan holiday parks across England, Scotland and Wales, selling more than 500,000 holidays and short breaks a year.
The transaction is expected to close in the first quarter of 2017, subject to customary conditions and regulatory approvals.
(1 Canadian dollar = 0.6003 pound)
(Reporting by Diptendu Lahiri in Bengaluru)