The transaction added to the sector’s deal volume as Blackstone paid about $2.7 billion to pick up the theme parks owner from Stichting Interbrew SA’s Anheuser-Busch Cos. Inc. subsidiary. After the close, Busch Entertainment, which operates 10 parks including SeaWorld in Orlando, was renamed SeaWorld Parks & Entertainment.
Blackstone purchased the theme park operator from Blackstone Capital Partners V.
The next largest LBO transaction so far this month is
These transactions were a couple of the 12 LBO deals that Thomson Reuters (publisher of PE Week) tracked from Dec. 1 to Dec. 8. The four with disclosed financial terms had a combined value of $2.93 billion. Year-to-date deal volume climbed to $30.55 billion.
Fund-raising also improved to $60.69 billion for the previous week. Buyout and mezzanine shops brought the year-to-date tally higher with help from
C.P. Eaton Partners served as lead placement agent for the fund-raising effort.