Mubadala Capital continues strengthening its European investment strategy after gaining significant shareholder support for its planned acquisition of Pierre & Vacances. Mubadala Capital secured commitments from investors representing more than 80 percent of the company’s share capital, marking another important milestone in the proposed transaction.
The Abu Dhabi investment firm received commitments covering 80.13 percent of Pierre & Vacances’ outstanding shares. This strong backing provides considerable momentum as the company prepares to launch its formal voluntary tender offer during the regulatory process.
The proposed acquisition involves an all-cash offer covering every outstanding security issued by the French tourism and hospitality group. The financial terms remain consistent with the proposal announced earlier this year, giving shareholders a clear framework for the planned transaction.
Pierre & Vacances’ board unanimously supported the proposal after reviewing its strategic benefits. However, the transaction still requires several approvals before completion. Regulatory authorities, employee consultations, shareholder approvals, and fairness assessments must all move forward before the deal closes.
Under the offer, shareholders would receive €1.90 per ordinary share. That amount includes an extraordinary distribution worth €0.11 per share. After distributing that payment, shareholders would receive €1.79 per share through the takeover process.
Additionally, investors could receive another €0.10 per share if Mubadala Capital successfully acquires enough shares to complete a squeeze-out process. That outcome would also allow the company to remove Pierre & Vacances from the public stock market.
The companies expect to file the formal tender offer during the first quarter of 2027. Nevertheless, competition approvals, foreign investment reviews, foreign subsidy clearances, and corporate approvals must arrive before the filing proceeds. If all conditions receive approval, both companies expect the acquisition to conclude during the first half of 2027.
Founded in 1967, Pierre & Vacances has developed into one of Europe’s largest leisure accommodation operators. The company manages more than 45,000 apartments, villas, and holiday homes across 330 destinations throughout Europe.
Its portfolio includes several well-known hospitality brands serving millions of travelers each year. During the 2024 and 2025 financial period, the company welcomed nearly eight million guests while generating approximately €1.95 billion in revenue.
The business has also completed several years of operational improvements. Those efforts strengthened financial performance while improving efficiency across its tourism operations. At the same time, strong demand for domestic and short-distance leisure travel continued supporting business growth throughout Europe.
Company leadership believes the partnership will create new opportunities for future expansion. Executives expect additional investment to improve existing resorts, strengthen operations, and enhance guest experiences across the portfolio.
The agreement also supports future investment in employees and business infrastructure. Management expects the additional financial backing to accelerate long-term development plans while improving the group’s competitive position.
For Mubadala Capital, the acquisition represents another important step within its expanding European investment portfolio. The company has already built experience in the leisure sector through previous investments, giving it valuable industry knowledge.
Executives said they intend to support capacity growth, modernize facilities, and improve resort locations across the network. Furthermore, they plan to work closely with management teams to strengthen long-term operational performance.
The proposed acquisition reflects continued confidence in Europe’s tourism and hospitality industry. Despite economic challenges, leisure travel continues attracting steady consumer demand across many markets. Consequently, investors continue identifying opportunities that combine stable operations with long-term growth potential.
As regulatory reviews continue, Mubadala Capital and Pierre & Vacances remain focused on completing the required steps. If approvals arrive as expected, the transaction could become one of the notable hospitality investment deals involving an Abu Dhabi investor in the European market during 2027.
