Holiday park chain Butlin's has been sold for £300m to the family which co-founded one of Britain's largest leisure resort companies, it has been announced.
Bourne Leisure Group and its controlling shareholder, US private equity firm Blackstone, agreed the deal with the Harris family, who jointly established Bourne Leisure in 1964. Bourne Leisure - the parent company of Butlin's, Haven Holidays and Warner Leisure Hotels - employs more than 16,000 staff and attracts 4.5 million guests to 56 sites across the UK every year.
Blackstone acquired Butlin's from the founding Harris, Cook and Allen families in a £3bn deal in January 2021. As part of that transaction, the families co-invested alongside Blackstone and together hold a minority stake in the business.
