Madame Tussauds owner Merlin to be bought by Lego family and Blackstone

FAN Editor
Visitors walk past as security personnel keep watch outside a new Madame Tussauds Museum at the Qianmen Commercial street in central Beijing
FILE PHOTO – Visitors walk past as security personnel (L) keep watch outside a new Madame Tussauds Museum at the Qianmen Commercial street in central Beijing, May 29, 2014. REUTERS/Barry Huang

June 28, 2019

LONDON (Reuters) – Madame Tussauds owner Merlin Entertainments <MERL.L> is to be acquired by the investment vehicle of Lego’s founding family and private equity firm Blackstone Group LP <BX.N> in a deal valuing the company and its debt at nearly 6 billion pounds ($7.6 billion).

The deal values Merlin shares at 455 pence each, giving the firm an enterprise value of 5.905 billion pounds, Merlin said on Friday. The acquiring consortium also includes Canadian pension fund CPPIB.

($1 = 0.7896 pounds)

(Reporting by Alistair Smout; editing by James Davey)

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