Lisbon – CFI Portugal was hired by Looping Group as their exclusive financial advisor on their expansion plan to Portugal. Amarante is the fourteenth park and first park in Portugal for the Looping Group. It is the third add-on acquisition since Ergon entered as the new anchor investor of the Group.
Looping (www.looping-group.com) is a leading operator of regional amusement parks in Europe. The group consists of 14 parks located in France, Switzerland, Netherlands, UK, Spain, Portugal and Germany. With this last acquisition Looping will count around 3.6 million visitors per annum for a turnover of approximately € 82.5 million.
Ergon (www.ergoncapital.com) is a mid-market private equity investment company with ~€500 million under management. Ergon’s current portfolio consist of 8 companies in various sectors encompassing luxury, specialty retail, industrial manufacturing and services, healthcare, media, leisure and gastronomy.
Rio Tâmega, Turismo e Recreio (“RTA”) operates Parque Aquático de Amarante, a regional aquatic park located in the North of Portugal, near Porto, with family slides, paddling pools and an indoor wave pool, which attracted around 150,000 visitors this year.
Mota-Engil is a multinational with operations on construction and infrastructure management in engineering and construction, environment and services, transport concessions, energy and mining. As a leader in Portugal with a consolidated position within the 30 largest European construction groups, Mota-Engil is present in 3 continents and 28 countries, and with holdings in approximately 280 companies.
Mr Laurent Bruloy, CEO of Looping Group: “We are very satisfied to be accompanied by CFI on an acquisition process acquiring Amarante Water Park together with Amarante Golf . Their professionalism and understanding of the sellers’ expectations but above all, their human qualities have enabled us to succeed in this transaction. We continue our collaboration in the framework of other acquisition processes.”
The transaction closed on 19 December 2017.
has acquired Hotel Gellért
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attracted a new investor