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New Deal


Announced

SeaWorld to acquire Cedar Fair for $3.4bn.

Financials

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Transaction Value£2,520m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium21%
One Off Charge-

Tags

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Friendly

Public

Pending

Majority

Cross Border

Recreational Products

leisure facilities

Acquisition

United States

Single Bidder

Synopsis

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SeaWorld, an American theme park chain, offered to acquire Cedar Fair, an operator of amusement park-resorts located in various states across USA and Canada, for $3.4bn. CedarFair Board of Directors will carefully review and consider the proposal to determine the course of action that it believes is in the best interest of the company and its unitholders. The potential deal comes at a time when the leisure and entertainment sector slowly recovers from Covid-19 lockdowns that had hammered the industry for more than a year.

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