Announced
Financials
Sources
Tags
theme park
Pending
Cross Border
Single Bidder
Acquisition
Friendly
Recreational Services
Majority
Private Equity
China
Private
Synopsis
MBK Partners, a North Asia focused private equity firm, agreed to acquire five ocean theme parks from Haichang Ocean Park, a Hong Kong-listed hospitality group, for $1bn. "The directors believe that the sale of the target companies at a relatively favorable market price would generate a considerable sum of cash which could be directed toward repayment of a certain amount of debt," Haichang Ocean Park.
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