CVC looks to invest in London Eye group

Marion Dakers
PRIVATE equity group CVC Capital is close to purchasing a stake in theme park operator Merlin Entertainments, which owns Legoland, Madame Tussauds and the London Eye. Reports suggests that CVC would buy a minority stake from Merlin’s existing shareholders, which include rival private equity firm Blackstone, sovereign wealth fund Dubai International Capital and the Lego Group investment arm, Kirkbi A/S.

Any deal would put an end to Merlin’s hopes of an initial public offering, following a shelved attempt four months ago.

CVC is reportedly set to buy a 30 per cent stake in the company, leaving Blackstone, Kirkbi and the company’s managers owning the remainder.