Palamon offloads German theme park
Palamon Capital Partners has sold Movie Park Germany to Spanish entertainment operator Parques Reunidos.
The private equity group acquired the film-themed attraction as one of seven parks bought from Six Flags in 2004. It sold the other six in 2006.
Commenting on the sale of Germany’s third largest theme park, Palamon partner Jonathan Heathcote said: "[The] business has seen substantial profitable growth over the past three years, driven by strong attendance levels."
Financial terms of the transaction have not been disclosed.