Palamon Capital Partners sells Movie Park Germany
Palamon Capital Partners has sold Movie Park Germany GmbH to Parques Reunidos, an entertainment operator based in Madrid, for an undisclosed amount.
Movie Park Germany, Germany's third largest theme park, is Palamon's remaining asset of the Star Parks Group, a holding company created by Palamon in 2004 to purchase seven large-format theme parks from Six Flags, Inc. In May 2006, six of the seven parks were sold, at which time the investment reflected 2.4 times return on capital for Palamon investors.
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