Swedish private equity firm EQT is preparing to sell its controlling stake in Spanish theme park operator Parques Reunidos in a transaction valued at approximately €1.7 billion ($1.9 billion), according to Spanish newspaper Expansion.
Key Transaction & Asset Highlights:
- Controlling Stake Sale: EQT is putting its 51% majority stake up for sale and has hired JPMorgan to manage the transaction process.
- Valuation & Ownership Structure: The stake is valued at ~€1.7 billion, with remaining equity held by Corporación Financiera Alba (25%) and Belgian investment group Groep Brussel Lambert (GBL) (23%).
- Asset Portfolio: Parques Reunidos operates dozens of major theme parks, zoos, and water parks across Europe, including Madrid’s flagship Parque Warner.
A major European leisure and hospitality buyout exit following strong post-pandemic entertainment demand! 📊🎢🇪🇸