Former owners buy back Butlin’s from private equity in £300M deal

Billionaire family that owned Butlins for 21 years until last year has bought the holiday resorts business back from its private equity owner in a £300 million deal. Peter Harris, the son of Peter Harris, who is now 88, and speaking on behalf of Harris family trusts, said: “We are delighted to reaffirm our love for Butlin’s and once again be the new owners of this great brand.” Paul Harris said in a statement: “We look forward to working alongside the Butlin’s leadership team as they strive to deliver their strategic plan for the business and help them accelerate their investment plans to give our Butlin’s guests an even better holiday experience.”