Announced
Completed
Financials
Sources
RNS Announcement
Kirkbi -
Press Release
Blackstone -
Publication of Scheme Document
Merlin Entertainments -
Update On Debt Financing Arrangements
Kirkbi -
Scheme Document
Merlin -
Upload of Document
Kirkbi -
Uploading of Document
Kirkbi -
Court Sanction of Scheme of Arrangement
Merlin Entertainments -
De-Listing and Cancellation of Trading
Merlin Entertainments -
Completion Announcement
Merlin Entertainments -
RNS Announcement
Blackstone -
Tags
entertainment provider
Public
theme park operator
Recreational Services
Private Equity
United Kingdom
Acquisition
Friendly
Single Bidder
Completed
Majority
Synopsis
A consortium led by KIRKBI, Blackstone, and CPPIB completed the acquisition of Merlin Entertainment, which operates 127 attractions, 19 hotels and 7 holiday villages in 27 countries, for $6.05bn. After the completion of the deal, Merlin was de-listed from London Stock Exchange. The offer price represents a premium of 36.8% to the closing price per Merlin share on 22 May 2019. “We are pleased to partner with KIRKBI and CPPIB to acquire a business we know very well. We are prepared to commit the substantial resources required to support the long-term objectives of Merlin, which will require significant investment to ensure its long-term success. We believe we are uniquely placed through our Core private equity strategy to make this investment alongside our partners at KIRKBI and CPPIB. We look forward to backing Nick Varney and his strong management team in driving Merlin into the future," Joe Baratta, Blackstone, Global Head of Private Equity.
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