EQT appoints JPMorgan to sell Parques Reunidos for over 1.7 billion
The Swedish private equity manager is preparing its divestment in the Spanish giant, in which Corporación Financiera Alba (25%) and GBL (23%) also participate.
EQT, a Swedish private equity firm, has hired JPMorgan as financial advisor to prepare the sale of Parques Reunidos, a Spanish leisure parks operator. The deal, valued at around €1,700 million, is in its initial stages, with potential buyers including industrial groups such as Merlin Entertainments or Compagnie des Alpes. EQT acquired Parques Reunidos in 2019 through a public takeover bid, and currently holds a 52% stake, with Corporación Financiera Alba owning 25% and GBL holding 23%.
Parques Reunidos operates over 30 leisure centers in ten countries, generating around €530 million in annual revenue and an EBITDA of over €170 million.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
