De Pardieu has advised the Pierre & Vacances-Center Parcs Group on the proposed voluntary tender offer in cash initiated by Mubadala Capital for all outstanding securities of Pierre et Vacances S.A.
The Pierre & Vacances-Center Parcs Group operates tourism and leisure residences, notably through the Center Parcs, Pierre & Vacances, Maeva and Adagio brands.
As part of the strategic review initiated in June 2025, the Board of Directors of Pierre et Vacances S.A. has received from Mubadala Capital a fully financed binding offer to acquire all outstanding securities of the company through a voluntary tender offer in cash. The transaction remains inter alia subject to obtaining tender commitments representing at least 80% of the outstanding share capital.
The transaction forms part of the strategic review process conducted by the company following a competitive process involving several potential investors