Merlin Entertainments News

Alton Towers accident costs Merlin £47m

Alton Towers accident costs Merlin £47m

Merlin Entertainments has revealed an accident at Alton Towers earlier this year could cost the company as much as £47 million. Four people were seriously injured during the incident on the ‘Smiler’ rollercoaster in June. The park was closed temporarily as a result of the accident, with a subsequent knock on affect hitting early summer trading.

Merlin chief takes up role with British Hospitality Association

Merlin chief takes up role with British Hospitality Association

Nick Varney, chief executive of Merlin Entertainments, has been appointed to the role of chairman of the British Hospitality Association. He will assume the position when incumbent Alan Parker steps down on January 1st 2015. In his new role, Varney will join the BHA Board of Directors, working with chief executive Ufi Ibrahim and the executive team in the important lead up to the UK general election and the new political environment that will follow.

Merlin Entertainments seeks to boost Asia Pacific footprint

Merlin Entertainments seeks to boost Asia Pacific footprint

Merlin Entertainments has made an A$140m takeover bid through subsidiary Merlin Australia for Living and Leisure Australia Group, owner of nine visitor attractions in Asia Pacific. The LLA directors have unanimously recommended the offer to shareholders with Merlin now set to acquire Melbourne Aquarium and the Hotham and Falls Creek ski resorts in Victoria, Australia.

CVC Capital buys £2.25bn stake in Merlin

CVC Capital buys £2.25bn stake in Merlin

29th Jun 2010 Tourism News

Private equity firm CVC Capital Partners has acquired a 28 percent stake in theme park operator Merlin Entertainments for £2.25bn. Blackstone meanwhile reduces its stake and Dubai International Capital disposes of its remaining shares.

Merlin growth “on track” despite shelved IPO

Merlin growth “on track” despite shelved IPO

9th Mar 2010 Tourism News

Merlin Entertainments has said it remains on target to grow this year despite having to shelve plans for a stock market floatation. The group, whose attractions include Madame Tussauds, Legoland, the London Eye and Alton Towers, said visitor numbers rose 9.7 per cent to 38.5 million during 2009.

Blackstone postpones Merlin float

Blackstone postpones Merlin float

12th Feb 2010 Tourism News

Severe market volatility in the Eurozone has forced Blackstone to postpone plans to float Merlin Entertainments, the operator of Madame Tussauds and Legoland, just 24 hours after shelving plans for a £1.2bn listing of Travelport.

Merlin to open Legoland Florida ahead of £2bn floatation

Merlin to open Legoland Florida ahead of £2bn floatation

22nd Jan 2010 Tourism News

Merlin Entertainment, the operator of Madame Tussauds and the London Eye, has bought a 145-acre site in Florida for a Legoland resort that will go head-to-head with Disney. The Blackstone-owned operator is also gearing up for a £2bn London stock market floatation before Easter.