With demand high for Serenitas’ expanding services, one of its owners – Singapore’s sovereign wealth fund GIC – is understood to have hired Goldman Sachs to test market interest.
Serenitas was formed when GIC and Tasman Capital Partners, an Australian-owned private equity firm, purchased Western Australia-based National Lifestyle Villages in 2018 from Navis Capital and Blackstone. The business is jointly owned by both parties.
Rob Nichols (pictured), the former Chief Operating Officer of the listed modulated housing provider Gateway Lifestyle, founded Serenitas and has expanded the business greatly in the role of CEO. It owns and operates over 22 lifestyle communities including Thyme Lifestyle Resorts, The Anchorage Lifestyle Resort, National Lifestyle Villages, Latitude 25 RV Lifestyle Community, The Outlook at Albany, Vantage at Vasse, and RV Homebase Fraser Coast.
The SOURCE reported last month that Thyme Lifestyle Resorts has three new communities scheduled to open soon. The Australian reported that Serenitas is thought to be valued at between $800 million and $1 billion.
RetireAustralia, the fifth-largest retirement village service provider, is also on the market after its owners Infratil and NZ Super engaged E&P Corporate Advisory and Jarden to sell it for at least $1 billion.
Land lease operators GemLife and Living Gems are seeking a “sizeable strategic investor”. reported more than $1 billion investor to cement themselves as the largest land lease operator in Australia.
