Groupe Bruxelles Lambert («GBL») announces that it has reached an agreement with Arle Capital Partners
(«Arle») to acquire, through a wholly-owned subsidiary, a 15.0% interest in the capital of Parques
Reunidos Servicios Centrales, S.A.
(«Parques»), representing an investment of EUR 208 million for GBL.
Parques is a leading global operator of leisure parks across Europe, North America and Asia.
Listed on the Madrid stock exchange, Parques generated EUR 584 million of revenues in 2016.
Welcoming this investment, GBL’s co-CEOs Ian Gallienne and Gérard Lamarche stated: “We are pleased to become a significant shareholder of Parques. The company’s long-term growth potential fits well with our Incubator strategy and its geographical exposure will complement our existing portfolio as Parques is GBL’s first Incubator investment in Spain.”
The transaction isexpected to settle around April 20th and is not subject to any regulatory or other third
party approvals. The acquisition will be financed using part of GBL’s existing cash.
GBL is a holding company which has been listed since 1956 and whose shares a
re admitted to trading on the regulated market of Euronext Brussels. GBL’s primary objective is to create value for its shareholders. GBL aims at building a portfolio of investments focusing on a small number of industrial and services companies that are leaders in their markets, in which it can play its role as a long-term professional shareholder.
The portfolio is intended to evolve over time as companies mature and market opportunities arise.
GBL invests and divests according to its objectives of value creation while maintaining a solid financial structure.