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Holidaybreak's £31m cash call to buy schools
The education and travel group Holidaybreak is to raise £31m through a rights issue to snap up collapsed independent private schools and turn them into children's holiday camps. Holidaybreak, which owns the PGL children's holiday camp, wants to take advantage of the fact that a series of private...
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- News Source: Times Online | 5 months agoThe recession may be bad news for private schools and conference centres, but for Holidaybreak, the niche travel group, a record number of failures has presented an unprecedented opportunity to expand its chain of school and activity holiday centres.
- News Source: The independent | 5 months agoThe education and travel group Holidaybreak is to raise £31m through a rights issue to snap up collapsed independent private schools and turn them into children's holiday camps. Holidaybreak, which owns the PGL children's holiday camp, wants to...
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