SeaWorld Entertainment hires consultant that may advise on sale
Posted
The rumor mill is churning on Tuesday morning and the target today is entertainment company SeaWorld Entertainment. The theme park operator is said to have hired Evercore partners as a second advisor to work alongside its other financial adviser JPMorgan, DealReporter noted, citing sources. The decision to hire Evercore was said to be the result of increased activist pressure.
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I think the best outcome of this would be SeaWorld finding a way to go private again. Going public was the absolute worst thing to do - and I know Blackstone did it for some quick cash before they got out, but still.
I also wouldn't be surprised at some management changes.
That being said.. I always joke about Six Flags Over Tampa. Maybe it's not a joke anymore!
I hope the busch parks get sold to Herschend or something like that. They know how to run a park like Busch Gardens Williamsburg.
Hey, let's ride (random Intamin coaster). What? It's broken down? I totally didn't expect that.
I think the parks are mostly pretty well run, some coaster operations at some parks aside.
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Herschend, Merlin or Cedar Fair are more likely than Six Flags, I would imagine?
Nothing to see here. Move along.
^All of those companies currently have no parks with zoological exhibits, which happens to be the main focus of the three Sea World Parks and a significant component of BGT. I don't know if any of those companies want to get into that business.
2022 Trips: WDW, Sea World San Diego & Orlando, CP, KI, BGW, Bay Beach, Canobie Lake, Universal Orlando
If it's Cedar Fair it's simple. They'll simply remove the animals, build a new waterpark, and close the place after a few years and make them go to Sandusky. #boughtittocloseit
I seem to recall Dollywood having some bald eagles on exhibit. Not saying that disproves the point, though.
Hobbes: "What's the point of attaching a number to everything you do?"
Calvin: "If your numbers go up, it means you're having more fun."
Merlin began as an aquarium operator, also they own/operate Chessington, a very successful zoo/theme park combo in the UK
Nothing to see here. Move along.
Yeah, so in terms of animals.. Six Flags makes the most sense, since they have the safari at Great Adventure and then other animals at Discovery Kingdom.
Not to say other companies couldn't get into the animal business, but they might not know the best way to operate it and it could be a mess.
Sell of the Busch Parks, use the money towards a total re-brand and expedited exit of whales and dolphins, and other performing animals. .
A buyer without animal expertise could hire people with it (including retaining people there now who have it).
If there was a sale (and again, that is if) - it would be interesting to see if it becamed a package deal or if different parks went to different owners. I would love to see Busch Tampa get some love on the operations side of things and remove some of the stuff that has been SBNO for some time now. I would love to see that park on the same level as Williamsburg.
Fun said:
Sell of the Busch Parks, use the money towards a total re-brand and expedited exit of whales and dolphins, and other performing animals. .
More like the other way around. Sell the Sea World Parks, keeping Busch, waterparks and Sesame Place.
Private Equity takes the Sea World parks for a bargain, and then strips out live animal shows, and rebrands without Shamu, i.e. Blackstone part deux
CreditWh0re said:
More like the other way around. Sell the Sea World Parks, keeping Busch, waterparks and Sesame Place.
Private Equity takes the Sea World parks for a bargain, and then strips out live animal shows, and rebrands without Shamu, i.e. Blackstone part deux
Admittedly that makes much more sense and seems like the least painful of all possible outcomes.
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