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Spanish company acquires Wet’n’Wild Sydney
Spanish leisure park operator Parques Reunidos Servicios Centrales S.A. has acquired the entirety of Wet’n’Wild Sydney.
Jerome Doraisamy
Firm: Ashurst (Parques Reunidos Servicios Centrales S.A.); Thomson Geer (Village Roadshow Limited)
Value: $40 million
Area: Corporate
Key players: The Ashurst team was led by partner Anton Harris, who was assisted by partners Anita Cade, Jennie Mansfield, Rebecca Dixon, Sanjay Wavde and Barbara Phair, senior associates Matt Spark, Maria Sun and Elke Bremner, counsel Kate Pickthall, lawyers Callum Newson-Brown, Katie O’Connell, Carolyn Harding-Smith, Luke Salem and Tony Zhou, and graduate Rhea Nair.
Thomson Geer consultant Peter Nankivell led the advice for Village Roadshow, and he was assisted by partner Peta Thompson and lawyer Matt Persico.
Deal significance: Madrid-based Parques Reunidos operates 60 theme parks, water parks, zoos and indoor entertainment centres globally, with the acquisition of Wet’n’Wild Sydney marking the company’s entry into the Australian entertainment market.
Village Roadshow has stated it will use the proceeds of the sale to reduce debt, following two profit warnings it issued last year.
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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