International investment firms KKR and Aermont have joined a list of potential buyers for Park Holidays, after owner Sun Communities indicated its intention to sell last month.

ICG, which purchased the company in 2017 for £362m and sold it to Sun Communities for almost triple that amount four years later, has also expressed interest in a reacquisition.

“Bankers at Lazard are overseeing the process, which is expected to crystallise a significant loss for the current owner,” reported Sky News. “In addition to the roughly £950m paid by Sun Communities in 2021, it subsequently bought back the freeholds to some of the company’s sites.”

“Industry sources have speculated that its total outlay on Park Holidays may have been as much as £1.2bn to £1.3bn, with bids expected to value the company at between £700m and £800m.”

One other business reported to be interested in acquiring Park is Centerbridge Partners, which last year “held talks about providing hundreds of millions of pounds to Parkdean Resorts.”