Candover Partners considering sale or IPO of Parques Reunidos

Posted Friday, April 16, 2010 11:59 AM | Contributed by Jeff

Candover Partners Ltd., which shut down its 3 billion-euro ($4 billion) leveraged buyout fund in January, is weighing a sale of Parques Reunidos SA, Europe’s second biggest amusement-park operator, three people with knowledge of the talks said. The London-based private equity firm is in the process of selecting a bank to help review strategic options for the company, including a sale and an initial public offering, said the people, who declined to be identified because the decision hasn’t been made yet. A sale may value Parques Reunidos at 2 billion euros, they said.

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