Press room for United Camping

As separately communicated, United Camping Bidco AB has entered into further binding agreements for the acquisition of shares of Grönklittsgruppen AB (publ). The acquired company is outside of United Camping AB and its subsidiaries. The bond holders of United Camping AB will therefore not be directly affected by this transaction.

As separately communicated, United Camping Bidco AB has entered into a binding agreement for the acquisition of 39.7 percent of the shares of Grönklittsgruppen AB (publ), a leading operator within the hospitality industry. The acquired company is outside of United Camping AB and its subsidiaries. The bond holders of United Camping AB will therefore not be directly affected by this transaction.

First Camp, Scandinavia’s largest campsite chain with its parent company United Camping AB, reached 378 million SEK in revenues in 2020 (-1% vs 2019). Excluding effects from acquisitions (proforma) revenues decreased by 16%, which is substantially less than for many other players in the travel industry. Also, First Camp gained market share in the camping market.

Scandinavia’s largest campsite chain, First Camp, plans to pursue large investments ahead of the 2021 season. Recently Frigård camping in Denmark was acquired, which becomes First Camp’s 45th destination. Furthermore, large investments are planned to upgrade First Camp’s existing campsites. The total investment amount is approx. 130 MSEK.

On 5 December 2019, United Camping, the parent company of First Camp Group, issued senior covered bonds in the amount of SEK 700 million within a total framework amount of SEK 1,500 million. United Camping has received approval for listing of the bond on Nasdaq Stockholm.