Legoland owner drafts in Wall Street giants for mooted float

Michael Bow
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MERLIN Entertainment, the UK theme park giant behind Legoland, Alton Towers and the London Eye, is understood to have drafted in Wall Street’s big beasts to help it float the company.

The Poole-based company, which made £1bn from sales and £258m operating last year, is thought to be working with Citigroup, Goldman Sachs, Morgan Stanley and Barclays in anticipation of a multi-billion float later this year which is likely to catapult it into the FTSE 100.

The company, which also has Warwick Castle and the Blackpool Tower in its portfolio, is owned by private equity heavyweight CVC Capital Partners and Blackstone.

A Merlin spokesperson could not be reached for comment.