Merlin Entertainments, operator and owner of the London Dungeons, Sea Life and Seal Sanctuary brands in the UK and Europe, has refused to confirm reports that it may be acquired by Hermes Private Equity from main shareholder, Apax Partners, in a deal worth up to £100m.
Although it was recently reported that confirmation of the deal could be announced soon, Merlin has released a statement explaining that it is ‘looking at all options for its future growth’ and that ‘no decisions have yet been made’ but that ‘talks are continuing with a number of interested parties’.
Merlin also stated that it is to continue its expansion programme in 2004 and open two major new attractions in key continental European cities, including the first site for its new 9m euro family brand called Earth Explorer.
Chief executive, Nick Varney, said: “Given that it is five years since Apax acquired Merlin, we have always made it clear that we would be looking at our future options during 2003 to 2004.
“However, we have no fixed view as to what the most advantageous outcome may be at this stage.” Details: www.merlinentertainments.biz
