Legoland owner Merlin Entertainments wants to go private
The Danish family behind the Lego empire has agreed to buy the company for about £4.8bn in a joint offer with Blackstone and Canadian pension fund CPPIB
Geneva — The owner of Legoland theme parks aims to go private in a $6.1bn buyout, seeking to invest more in worldwide expansion and attract new fans of the plastic bricks in markets such as China.
Merlin Entertainments said on Friday that the Danish family behind the Lego empire agreed to buy the company for about £4.8bn in a joint offer with private equity firm Blackstone Group and Canadian pension fund CPPIB. The deal continues a run of blockbuster private equity transactions in Europe as cash flows into buyout funds...