Sandaya is one of the leading French outdoor accommodation operators, operating campsites in France, Spain, Belgium and Italy.

Over the years, the business has grown through M&A and offers more than 70 destinations in 4 countries. Its campsites are exclusively positioned in the four- and five-star segments, in exceptional and mostly sea front locations. Sandaya’s business model is protected by a growing and predictable demand underpinned by favorable macro trends, constrained supply on the number of campsites and full occupancy achieved during peak season. Sandaya is a proven acquisition platform ideally positioned to capture the ongoing consolidation of a fragmented French and European market. It implements an ambitious ESG strategy to preserve natural resources, landscape and biodiversity across its sites.

We invested in the business in 2020 with the view to provide capital required to accelerate market consolidation, foster digital transformation and continue premiumization of existing portfolio.