Blackstone agreed to acquire Bourne Leisure, a UK holiday company, for $4.15bn. “We are long-term believers in the UK and are delighted to invest meaningful capital, despite recent uncertainty, to support the recovery of a Covid-impacted industry, and wider local economies. We look forward to working in partnership with Bourne Leisure’s founding families, the management team led by Paul Flaum, as well as colleagues from Blackstone Real Estate, to further grow this great company. Our strong track record investing in the UK leisure sector will allow us to further enhance the Company’s unique, high quality assets across the country, and continue building on its success for guests, holiday-home owners and team members over the last 57 years,” Lionel Assant, Blackstone European Head of Private Equity.