BGH Capital acquires theme park operator Village Roadshow - TravelMole


BGH Capital acquires theme park operator Village Roadshow

Saturday, 10 Aug, 2020 0

 

Australia based theme park group Village Roadshow will soon have a new owner

Private equity firm BGH Capital will buy it for an enterprise value of up to A$758 million.

The business includes the SeaWorld and Movie World parks and a chain of cinemas.

BGH Capital has been trying to tie up a deal for several months.

BGH offered two alternative bids with the higher offer payable if it reopens its theme parks and cinemas, and Queensland borders are opened for visitors from New South Wales and Victoria.

"The BGH transaction provides the opportunity for all VRL shareholders to realise an attractive cash price for all of their VRL shares, in a very uncertain operating environment," the company said in a statement.

Village Roadshow has just secured A$70 million in funding from existing lenders to see it through the Covid-19 shutdown.

BGH recently failed in a bid to buy Virgin Australia which went to Bain Capital.

 

by Ray Montgomery, Asia Pacific editor



 

profileimage

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



Most Read

Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns

James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel

Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination

Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics

Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy

Bubba O’Keefe on Clarksdale’s Vibrant Music Scene

Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee

Craig Ray and the Expansion of the Blues Trail

Presenting Mississippi’s Cultural Trails with Katie Coats

Robert Terrell: A Journey Through BB King’s Influence

Rochelle Hicks: Celebrating Mississippi’s Musical Legacy

Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari