Lego family's Kirkbi and Blackstone to buy Madame Tussauds owner Merlin: FT
(Reuters) - Britain’s Merlin Entertainments Plc (MERL.L) is to be acquired for 6 billion pounds ($7.6 billion), including debt, by a group made up of Kirkbi, the investment vehicle of Lego’s founding family, private equity firm Blackstone Group LP (BX.N) and Canadian pension fund CPPIB, the Financial Times reported on Friday.
The deal to buy Merlin, which owns and operates Madame Tussauds waxworks exhibits around the world, is expected to be announced as soon as Friday morning, but no deal was guaranteed until the announcement, the FT said on.ft.com/2X9zLxD, citing multiple people it said were close to the matter.
The deal is likely to value Merlin’s shares at around 460 pence, one of the people told the FT, giving it an equity value of more than 4.73 billion pounds.
https://uk.reuters.com/article/us-merlin-ent-m-a-consortium/lego-familys-kirkbi-and-blackstone-to-buy-merlin-entertainments-ft-idUKKCN1TS3EI