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Advent completes Spain’s first take private deal for E173m

Advent International has completed the first take-private deal to be executed by a private equity firm in Spain. The firm has acquired listed amusement park operator Parques Reunidos for E173m.

We are delighted that shareholders have accepted our Public Offer,’ said Juan Diaz-Laviada, a director of Advent International. ‘We are also delighted to have led one of Spain’s biggest buy-outs. Favourable demographic trends, a growing tourism industry, and rising domestic disposable income mean there is enormous potential to build significant value from operating amusement parks in Southern Europe.’

Parques Reunidos is one of Europe’s top five amusement park operators and holds a 60 per cent market share in Spain. Advent views the company’s leading position in the Spanish market as a platform from which to grown through acquisitions across other leisure markets in Iberia and the European Union.

‘Parques Reunidos will quickly become a consolidator in what remains a highly fragmented European market,’ Diaz-Laviada added.

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