Latest News
- St Louis Zoo debuts plans for innovative primate habitat
- VRstudios provides Dave & Buster’s with chain’s first free-roaming VR arena experiences
- Annual Theme Index & Museum Index attendance figures released
- “Laugh Battle” at National Comedy Center receives recognition at 2019 AAM MUSE Awards
- AIMS International seeks nominations for the 2019 AIMS Safety Award
- Jora Vision developing dark ride for Europa-Park based on Rulantica mythology
- Fantasy Springs to be name of newest themed port at Tokyo DisneySea, opening 2022
- Electrosonic partners with University of Greenwich to promote next-gen business leadership
Buyout offer presented for Parques Reunidos; company will go private under three joint owners
April 26, 2019 — Today, Parques Reunidos announced that it has received an offer by Piolin Bidco, S.A.U. to purchase 100% of the company’s stock for approximately US$703 million. Piolin is the Spanish name for the Looney Tunes character Tweety Bird, who currently appears under license from Warner Bros at Parque Warner Madrid, one of Parques Reunidos’ parks.
According to filings with Spanish securities regulators, Parques Reunidos’ two largest current shareholders, Corporación Financiera Alba S.A and Groupe Bruxelles Lambert (GBL), are participating as minority shareholders in the Piolin joint venture, owning 26.03% and 26.96% of Piolin respectively. Alba and GBL currently are represented on the Parques Reunidos Board of Directors, with two seats each. The remaining 50.01% of the Piolin partnership is owned by EQT Infra IV, a fund managed by Swedish investment firm EQT Fund Management S.à r.l.
Parques Reunidos owns or manages under contract more than sixty theme parks, zoos, and attractions in Europe, Dubai, Australia and the United States. Recent openings include the Atlantis Aquarium and Nickelodeon Adventure LBE center in Madrid, and the Ducati World themed land at Italy’s Mirabilandia theme park. In the United States, Steelers Country (pictured above) at Pittsburgh’s Kennywood Park, with its Steel Curtain roller coaster, and the Cartoon Network Hotel, located next to the Dutch Wonderland theme park in Lancaster, Pennsylvania, are scheduled to open later this year.
- attractions, investment firms, mergers and acquisitions, palace entertainment, Parques Reundios, theme parks
Related articles
More in this category
Current Issue
IPM Interviews
-
ECA2: All eyes on Lanzhou ECA2's latest spectacle, a permanent installation in a... -
IAAPA Expo Asia "Establishing a presence in both Hong Kong and Shanghai... -
Coasting around Asia InPark spoke to Jason Pan, Vekoma’s regional director of... -
Lisa Passamonte Green The Thea Awards Nominating Committee annually reviews and... -
Infinite Kingdoms: Planet playology We recently connected with founder Denise Chapman Weston... -
The French connection: Meet Michel Linet-Frion "Since I typically rely on contracted expertise and talent... -
Andrew O’Rourke: Google THIS In late 2018, Andrew became an employee of Adecco working... -
Mad Systems: The future is now InPark reported on the launch and revisited with Ensing for... -
Time for a change InPark checks in with industry leaders who are heading back... -
Michael Mercadante: Giving back Michael Mercadante, President of Main Street Design, Inc.... -
JCO: Theming beyond the theme park JCO, based in St. Louis, MO, specializes in master planning... -
The Hettema Group: Inside the experience designer’s Founded by Phil in 2002, The Hettema Group has gone on to... -
AAE Wrapup: IAAPA in Hong Kong Estimates indicate the Expo attracted more than 9,000... -
Mack Solutions: Designing Rulantica With a unique theme and detailed storytelling, the park is... -
Weber Group: Meet the partners The new Weber Group is managed by four partners, all of... -
IAAPA, BRPH, accesso: Faces and places "The beautiful thing about the creative and entertainment... -
Expo 2023 Argentina Buenos Aires: Exclusive interview with... The number of visits to Expo 2023 Argentina Buenos Aires is... -
A Bid for Expo 2027 Minnesota "We have chosen an ideal location conveniently located... -
nWave: Visioning forward "nWave keeps pace with evolving markets and evolving... -
ACE and Technomedia: A match made in Asia On February 2, 2018, Technomedia and ACE formed a strategic... -
JRA: The strength of storybuilding In his role as senior designer at JRA, Colin Cronin has... -
Panasonic: The psychology of imaging Vice president and director of Panasonic Hollywood Labs,... -
Barco: Show control 101 In this exclusive interview with InPark, Eric draws on his... -
Hasbro: Toy Stories The international attractions industry and the public alike... -
Special Interview Section: Creating change InPark speaks with industry leaders taking on new...
