Investindustrial in €439m PortAventura deal

The GP completed the acquisition through the holding company World Park Holdings, buying the shares from Criteria Caixa Holding, a Spanish listed vehicle controlled by savings bank La Caixa.

The purchase price gives the company an enterprise value of €439m. The GP is widely reported to have paid around €120m.

Previous funding
In 2009, Investindustrial acquired a 50% stake in PortAventura from Criteria Caixa.

The deal saw PortAventura split into two separate companies. Investindustrial bought a 50% stake in one of the businesses, comprising the Caribe aquatic park, the management of four hotels including Hotel PortAventura, Caribe Resort, Gold River, El Paso and a congress centre. The second company, wholly owned by Criteria, included the remaining commercial and real estate assets, three golf courses and the Beach Club.

Company
Founded in 1995 and based near Barcelona, PortAventura is an amusement park and tourist resort. The park has 39 rides in six themed areas, more than 100 shows each day, 70 restaurants and food outlets, and 44 shops. The four 4-star hotels at PortAventura have a combined capacity of more than 4,000 rooms.

The company reported EBITDA of €59m last year.

People
Andrea Bonomi is chairman of Investindustrial.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Southern Europe
• Consumer
• Expansion
• Spain
• Investindustrial