Thursday, September 23, 2021

Merlin Entertainments Considering IPO

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SeaLife London Aquarium

London, UK — Reuters reports on the initial public offering be considered for either New York or London: 

“Merlin Entertainments Group, the private-equity backed owner of Madame Tussauds and Legoland, is preparing to go public in either London or New York and has been meeting with potential investors, its chief executive said on Wednesday.

“The world’s second largest visitor attraction operator behind Walt Disney, had revenue of over one billion pounds for the year to Dec. 29 2012, and was valued at 2.25 billion pounds ($3.41 billion) in 2010 when private equity firm CVC Capital Partners bought a stake.

“‘We are definitely now considering our options,’ Chief Executive Nick Varney told Reuters, adding a sale would allow it to pay down debt of 1.27 billion pounds as at the end of December, and help fund expansion in the U.S and Asia.

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LEGOLAND Windsor

” . . . Merlin, owned by the Danish investment company Kirkbi A/S that controls Lego Group, and private equity firms Blackstone Group and CVC, put off plans for a listing in 2010 due to jittery markets.

” . . . Late last year Seaworld Parks and Entertainment, also backed by U.S. private equity company Blackstone, filed with U.S. regulators for an initial public offering.

” . . . The group opened seven new attractions in 2012, taking it to almost 100 over four continents, and will open another six this year including a Sea Life centre in Manchester, England and Legoland discovery centre in New York.”

FULL ARTICLE HERE

Joe Kleimanhttp://www.themedreality.com
Raised in San Diego on theme parks, zoos, and IMAX films, Joe Kleiman would expand his childhood loves into two decades as a projectionist and theater director within the giant screen industry. In addition to his work in commercial and museum operations, Joe has volunteered his time to animal husbandry at leading facilities in California and Texas and has played a leading management role for a number of performing arts companies. Joe has been News Editor and contributing author to InPark Magazine since 2011. HIs writing has also appeared in Sound & Communications, LF Examiner, Jim Hill Media, and MiceChat. His blog, ThemedReality.com takes an unconventional look at the attractions industry. Follow on twitter @themedreality Joe lives in Sacramento, California with his fiancé, two dogs, and a ghost.

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