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CVC looks to buy 30 percent stake in Merlin:
June 21, 2010 (Reuters) - Private equity firm CVC Capital Partners is close to
agreeing a deal to buy a 30 percent stake in theme park operator Merlin
Entertainments BLKSTM.UL, the Financial Times reported in its Monday edition.
CVC would buy the minority stake from Merlin’s existing shareholders, which
include U.S. private equity group Blackstone (BX.N), KIRKBI A/S, a private
Danish holding company that owns three quarters of the LEGO Group, and Dubai
International Capital DUBAHP.UL (DIC), the paper said.
The deal would create a three-way ownership structure with CVC, Blackstone and
KIRKBI A/S all holding about a 30 percent stake in Merlin, the world’s second
largest theme park operator after Disney, the paper said.
Dubai International Capital (DIC), which sold a 17 percent stake in Merlin last
year, is expected to offload its remaining 6 percent stake to CVC, according to
the FT.
Earlier this year, Merlin tempered reports it planned to go public, saying all
options for the group’s future ownership remained under consideration.
Merlin, which owns the London Eye, Madame Tussauds and the Sea Life centers,
declined to comment. CVC was not immediately available for comment on the
report.
reuters.com
-end of report-
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