News on the horizon for Club del Sole, with the Sole 24 Ore newspaper hinting at a new financial partner.
Negotiations are thought to be moving ahead
It is thought that negotiations currently involve the open-air operator founded in 1974 by the entrepreneur Giancarlo Giondi and the Peninsula Capital fund, which has just entered the Italian cosmetics company Veralab, the French Montefiore Investment and The Equity Club, which invests on behalf of wealthy Mediobanca clients. The offers, it is believed, are on the table of Rothschild and Euromobiliare.
Club del Sole has four new properties in the pipeline
Under the control of the Giondi family, Club del Sole already has a financial partner, Nb Aurora, which acquired 40% of the open-air operator in 2018, but which is tightlipped regarding the current situation. Headquartered in Forlì, the company closed last summer with a €100 million turnover (+16% on 2022) and gross operating margins of some €30 million. The twenty Club del Sole campsites are in seven different regions and include nine owned complexes, while the others are operated through long-term leases, and four new properties are in the pipeline for 2024-2025.
