Introduction to the Aquarium Sale
The private equity supporter of companies, including Bonhams and The Auctioner, is planning an offer for a portfolio of aquariums that are being sold by the world’s largest thematic park operator.
Background on the Auction Process
The auction process, which was originally reported at the beginning of this year, remains at an early stage, although the bids in the first round do not yet have to be submitted. The aquariums were offered for sale by Merlin Entertainments, which would like to prioritize investments in its largest international locations, also in London.
Details on the Aquariums for Sale
The London attraction is not part of the auction. Merlin is jointly owned by the private equity giant Blackstone and the family’s investment vehicle behind the Lego dynasty and counts Alton Towers, Legoland, and Madame Tussauds among its British venues. The group has more than 40 aquariums worldwide, many of which trade under the Sea Life brand. There are 11 such attractions in Great Britain, including Blackpool, Brighton, Great Yarmouth, Loch Lomond, Scarborough, and Weymouth.
Potential Buyers and Their Interests
Epiris is part of a number of parties that are preparing bids in the coming weeks. The potential derivations only refer to the department of Merlin’s aquariums and do not include any other area of its operations. Epiris refused to comment on its interest.
Statement from Merlin Entertainments
A Merlin spokesman said at the beginning of this year: "Like every well-guided company, Merlin regularly checks its estate to ensure that it reflects the company’s long-term growth strategy. We continue to invest in our attractions worldwide – opening 24 new trips, attractions, and experiences in 2024."
