Lego family click with partners to buy Legoland firm
The transaction will see Kirkbi, team up with Blackstone and Canadian pension fund CPPIB.
Leisure group Merlin Entertainments, best known for Legoland Resorts and Madame Tussauds wax museums, is to be acquired in a £6bn (about R108bn) deal by the Danish billionaire family that controls toymaker Lego, private equity group Blackstone and a Canadian pension fund.
The consortium said on Friday it would pay 455p in cash per Merlin share, a premium of 15% over its closing price of 395p on Thursday. At that level, the offer will value Merlin shares at more than £4.7bn. The company has net debt of about £1.2bn, giving it an enterprise value of close to £6bn.