Following who exactly owns Carlsbadistan’s Legoland California theme park gets even more fun today as both Reuters and the Wall Street Journal are reporting that Luxembourg-based CVC Capital Partners is buying a 30 percent stake in Legoland (and SeaWorld) parent company Merlin Entertainments.
The deal would value Merlin Entertainments at about 2.5 billion pounds ($3.71 billion), one of the sources said, with CVC Capital Partners, Blackstone and Kirkbi A/S — the Danish investment company owned by the family behind the Lego brand — owning about 30 percent of the business each. . . Management will own the remaining portion, while Dubai International Capital, which reduced its stake earlier this year from about 16.5 percent to single digits will fully exit the business that counts Madame Tussauds and Legoland among its attractions, sources said.
It’s totally confusing and has little effect on the Carlsbadistan park, but we like to stay current just for fun.
[Link: Reuters and Wall Street Journal]
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