MBK Partners to acquire five ocean theme parks from Haichang Ocean Park for $1bn.

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.