Swedish private equity firm EQT launches bid to buy Parques Reunidos

Posted | Contributed by Jeff

Swedish private equity firm EQT is leading a takeover bid for Parques Reunidos, the Madrid-based attractions operator. Piolin Bidco, which is made up of EQT as well as Miles Capital and Alba, is offering $15.60 (€14) a share, for 55.79% of the company, around $702.7 million (€630.7 million) in total. They already own the other 44%. The offer values the whole company at around $1.3 billion.

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One can never know PE firms’ true intentions but I would take this as a positive sign

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