Harris Family to acquire Butlin’s from Blackstone-backed Bourne Leisure for £300m.

Harris Family agreed to acquire Butlin’s, an operator of seaside resorts across the United Kingdom, from Blackstone-backed Bourne Leisure, a provider of holidays and holiday home ownership, for £300m. “Staying true to our high-conviction investment approach, we believe we are well positioned to drive the continued success of both the Haven and Warner businesses. Proceeds from the Butlin’s sale will enable us to continue delivering our ambitious investment programmes across both brands, supporting upgrades to the existing estates and adding new sites to the portfolio, to the benefit of millions of customers," Lionel Assant, Blackstone European Head of Private Equity.