Singapore's GIC doubles stake in Merlin Entertainments
Singapore sovereign wealth fund GIC Private has nearly doubled its stake in Merlin Entertainments to about 5.2 per cent.
According to Merlin representatives, GIC has raised its holding to about 52.6 million shares from about 27.6 million.
Private equity firms CVC and Blackstone launched the sale of their remaining 156.5 million shares in Merlin Entertainments last week.
Following the purchased, GIC’s stake in Merlin – the second largest visitor attractions operator behind Walt Disney – is worth in total around £220m (US$100m, €93.6m)
In the wake of the purchase, shares of Merlin closed up 2.8 percent at 426.5 pence on the London Stock Exchange. That value is currently sitting at 420 pence a share. According to market price, Merlin as a whole is valued at around £4.28bn (US$6.45bn, €6bn).
Last week, Merlin posted strong end of year results, recording a compounded annual growth rate from 2010 to 2014 of 12.6 per cent and welcoming 62 million visitors across its portfolio of 105 attractions. This was attributed to positive growth from existing attractions along with the continued rollout of its various brands, in particularly its Lego theme parks.
CVC and Blackstone launch US$1bn sale of Merlin shares
20 Legoland developments in the pipeline, says Merlin
Merlin posts strong end of year results after successful 2014
Legoland Discovery Center coming to Arizona in 2016
Merlin reveals plans to launch Legoland in South Korea
UAE’s first Dior Spa debuts in Dubai at Dorchester Collection’s newest hotel, The Lana
Europe's premier Evian Spa unveiled at Hôtel Royal in France
Clinique La Prairie unveils health resort in China after two-year project
GoCo Health Innovation City in Sweden plans to lead the world in delivering wellness and new science
Four Seasons announces luxury wellness resort and residences at Amaala
Aman sister brand Janu debuts in Tokyo with four-floor urban wellness retreat
€38m geothermal spa and leisure centre to revitalise Croatian city of Bjelovar
Two Santani eco-friendly wellness resorts coming to Oman, partnered with Omran Group
Kerzner shows confidence in its Siro wellness hotel concept, revealing plans to open 100
Ritz-Carlton, Portland unveils skyline spa inspired by unfolding petals of a rose
Rogers Stirk Harbour & Partners are just one of the names behind The Emory hotel London and Surrenne private members club
Peninsula Hot Springs unveils AUS$11.7m sister site in Australian outback
IWBI creates WELL for residential programme to inspire healthy living environments
Conrad Orlando unveils water-inspired spa oasis amid billion-dollar Evermore Resort complex
Studio A+ realises striking urban hot springs retreat in China's Shanxi Province
Populous reveals plans for major e-sports arena in Saudi Arabia
Wake The Tiger launches new 1,000sq m expansion
Othership CEO envisions its urban bathhouses in every city in North America
Merlin teams up with Hasbro and Lego to create Peppa Pig experiences
SHA Wellness unveils highly-anticipated Mexico outpost
One&Only One Za’abeel opens in Dubai featuring striking design by Nikken Sekkei
Luxury spa hotel, Calcot Manor, creates new Grain Store health club
'World's largest' indoor ski centre by 10 Design slated to open in 2025
Murrayshall Country Estate awarded planning permission for multi-million-pound spa and leisure centre
Aman's Janu hotel by Pelli Clarke & Partners will have 4,000sq m of wellness space
Therme Group confirms Incheon Golden Harbor location for South Korean wellbeing resort
Universal Studios eyes the UK for first European resort
King of Bhutan unveils masterplan for Mindfulness City, designed by BIG, Arup and Cistri
Rural locations are the next frontier for expansion for the health club sector
Tonik Associates designs new suburban model for high-end Third Space health and wellness club
Why shouldn’t sports facilities be beautiful? Across Asia, architects are creating landmark buildings for the public, discovers Christopher de Wolf