Candover, a victim of financial crisis, planning a sale or IPO for the group United Parks. But as reported by Financial Times the two bids received on Friday (one by Apollo Management, which bought the group also tried to Cedar Fair a few months ago, and another by a consortium formed by Advent International and Carlyle Group) were lower than 2000 million euros they wanted to achieve. So Candover executives gather this week to decide the future of Parks Meeting. According to analysts, the end will not sell Candover United Parks, but they should refinance their debts so that the group can continue to grow.
Candover In the last year and sold several companies for a total of 3800 million euros.
Last year 25 million people visited amusement parks Parks Group Meeting. In 2006 (when Candover bought the group), profit before tax of Parks Gathered were 67 million euros this year should reach 180 million euros.
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