EQT Hires JPMorgan to Sell Parques Reunidos for 1.7 Billion Euros

EQT, a Swedish private equity firm, has hired JPMorgan to manage the sale of Parques Reunidos, a Spanish leisure group. The transaction is valued at approximately 1.7 billion euros.

EQT currently holds a 52% stake in the company, while Corporación Financiera Alba holds 25% and GBL holds 23%. Parques Reunidos operates more than 30 centers across Australia and nine European countries, including assets such as Parque Warner and the Parque de Atracciones de Madrid.

The leisure group generates roughly 530 million euros in annual revenue with an EBITDA exceeding 170 million euros. These figures follow the company's previous decision to sell its United States operations to Herschend.