Story
EQT Reportedly Taps JPMorgan for €1.7 Billion Parques Reunidos Stake Sale
Summary
Swedish private equity firm EQT has reportedly appointed JPMorgan to manage the sale of its controlling interest in Spanish theme park operator Parques Reunidos, a deal potentially valued at €1.7 billion.
Swedish private equity firm EQT is preparing to sell its controlling stake in the Spanish theme park operator Parques Reunidos, according to a report from the newspaper *Expansion* citing market sources. The firm has reportedly appointed JPMorgan to manage the potential transaction.
Details of the Potential Sale
The deal could value EQT's holding at approximately €1.7 billion ($1.9 billion), the report published Friday stated. EQT currently holds a 51% majority stake in the attractions company, which it would be looking to divest.
Parques Reunidos operates a large portfolio of leisure assets, including dozens of theme parks, zoos, and water parks across Europe. One of its best-known properties is Parque Warner in Madrid.
AdShareholder and Market Context
Beyond EQT's controlling interest, the company's other significant shareholders include Corporacion Financiera Alba with a 25% stake and the Belgian investment fund Groep Brussel Lambert (GBL) holding the remaining 23%.
A sale of this magnitude would represent a significant transaction in the European leisure and entertainment sector. For EQT, the move signals a potential exit from its investment, a standard part of the private equity lifecycle aimed at realizing returns for its fund investors. The offering is likely to attract interest from other large-scale investment funds and strategic buyers in the attractions industry.
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