Piolin BidCo, a company controlled by the investment fund EQT, completed the acquisition of Parques Reunidos, an operator of recreational infrastructure for the equity value of €631m. Piolin is slightly over 50% owned by EQT, nearly 24% owned by GBL and 26% owned by Corporacion Financiera Alba. “We are pleased with the result of the tender offer and believe the outcome is satisfactory for all parties involved. Parques Reunidos displays strong operational infrastructure characteristics which makes it a good fit for EQT’s industrial investment approach. The development of the Company will be supported with an industrial board of directors with significant sector expertise,” Ulrich Köllensperger, EQT Partners Managing Director.