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Investors positioned for Legoland buy?

Publication: San Diego Business Journal
Publication Date: 30-MAY-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
While Denmark-based Lego has said it expects this summer to sell off its four theme parks--including Legoland California in Carlsbad--to raise capital for its flagging toy division, a U.S.-based investment firm appears to have become a front-runner in the bidding by first acquiring a leading European attractions operator.

The investment firm, Blackstone Group International Ltd., which is based in New York, announced the purchase of Merlin Entertainment on May 23 via its Blackstone Capital Partners IV for $189 million.

The seller was U.K.-based Hermes Private Equity.

Officials of the Danish toymaker and Legoland California had little to say.

"All we can say is we expect the sale to take place sometime this summer," said Charlotte Simonsen,...

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