DirkFunk Posted December 20, 2015 Share Posted December 20, 2015 Parque Reunidos is owned by Arle Capital, which is a private equity fund. The way these things work is that they purchase or create companies as investments with the ultimate goal of selling them off or spinning them into independent corporations. In this case, Parque Reunidos has been on the market with open attempts to sell it and all the holdings for over a calendar year at least. The company most commonly linked with purchasing PR is Apax Partners who are, surprise! another venture capital/private equity firm. They're raising the money to do so, sayeth the smoke signals online. So yes, very possible it and all the PR parks could have a new owner soon. Link to comment Share on other sites More sharing options...
neil009 Posted December 20, 2015 Share Posted December 20, 2015 Does this mean any real changes for the park as far as management/staff/etc? Link to comment Share on other sites More sharing options...
DirkFunk Posted December 20, 2015 Share Posted December 20, 2015 Since the sale hasn't happened yet: ¯\_(ツ)_/¯ Link to comment Share on other sites More sharing options...
Sphantom91 Posted December 20, 2015 Share Posted December 20, 2015 I just hope it's not a company that doesn't care about the parks at all and just wants to make a quick buck. Kennywood is too good of a park to be ruined like that! Link to comment Share on other sites More sharing options...
DirkFunk Posted December 21, 2015 Share Posted December 21, 2015 I just hope it's not a company that doesn't care about the parks at all and just wants to make a quick buck. Kennywood is too good of a park to be ruined like that! It's owned by a private equity firm, and they don't generally care about the actual quality of the assets. The sale will probably be to another private equity firm, who, again, aren't any different structurally from the first one. Link to comment Share on other sites More sharing options...
A.J. Posted December 21, 2015 Share Posted December 21, 2015 It's owned by a private equity firm, and they don't generally care about the actual quality of the assets. The sale will probably be to another private equity firm, who, again, aren't any different structurally from the first one. So they don't care about the quality of the assets, does this mean that they pretty much allow the parks to keep their independence, without any major interference from the firm, so long as they keep performing well? Link to comment Share on other sites More sharing options...
Rai Fox Posted January 7, 2016 Share Posted January 7, 2016 It's owned by a private equity firm, and they don't generally care about the actual quality of the assets. The sale will probably be to another private equity firm, who, again, aren't any different structurally from the first one. So they don't care about the quality of the assets, does this mean that they pretty much allow the parks to keep their independence, without any major interference from the firm, so long as they keep performing well? That's generally how these things work. The investors are putting money into a ton of different types of properties, companies, etc. They're, fortunately, generally smart enough to realize that they can't know how to actually run them all. They just want to see the money coming on from them. As long as that's happening, the Parques Reunidos management probably will barely even know the difference, besides a different name on the checks. If Parques Reunidos were selling the parks to a different management group, that'd be a different story and possibly mean bigger changes (or possibly not; there weren't many when PR bought the parks to start with), but as far as I know that's not the case. Link to comment Share on other sites More sharing options...
thrillrider Posted March 18, 2016 Share Posted March 18, 2016 I thought this was funny... I was watching cops on tv tonight, and during a traffic stop I noticed a kennywood billboard. Link to comment Share on other sites More sharing options...
FeelTheFORCE Posted March 19, 2016 Share Posted March 19, 2016 Yeah, they've done quite a bit of filming in Pittsburgh. Link to comment Share on other sites More sharing options...
CanobieFan Posted March 27, 2016 Share Posted March 27, 2016 When I say I'm all about the classics, trust me. I mean it. Anyway. I was stuck in a loophole between either KW or KI. I chose Kennywood. Hopefully no one thinks I was pathetic but I LOVE classics and wooden coasters and Kennywood has great wooden coasters and outstanding classic flats. So tell me. Was this a good choice? Or should have I gone with KI? Plus, we're going to Cedar Point after one of these parks. Link to comment Share on other sites More sharing options...
Philrad71 Posted March 27, 2016 Share Posted March 27, 2016 ^ If you love classic rides and coasters, you will not be disappointed in Kennywood. And...CP > KI so no disappointment there either. Link to comment Share on other sites More sharing options...
jconsolmagno Posted March 27, 2016 Share Posted March 27, 2016 When I say I'm all about the classics, trust me. I mean it. Anyway. I was stuck in a loophole between either KW or KI. I chose Kennywood. Hopefully no one thinks I was pathetic but I LOVE classics and wooden coasters and Kennywood has great wooden coasters and outstanding classic flats. So tell me. Was this a good choice? Or should have I gone with KI? Plus, we're going to Cedar Point after one of these parks. Kennywood/Cedar Point is a much better combination than Kings Island/Cedar Point, because of just what you mentioned, getting a classic park in there. May I make a suggestion and check out Waldameer while you are in the area? Free admission, tons of classics and a top 10 woody. Probably about 2 hours north of Kennywood, but all in the same vicinity with Cedar Pioint. Link to comment Share on other sites More sharing options...
CanobieFan Posted March 27, 2016 Share Posted March 27, 2016 Sadly, my parents said only those two. The only things I'm mad about missing at Waldameer is Ravine Flyer 2, the Spider, and the Whacky Shack. So again I said Kennywood. Kennywood has a Paratrooper. I seriously can't wait for Jack Rabbit and Thunderbolt, as even though they're old, they seem to have their intense moments. DOUBLE DIP Phantoms Revenge looks intense too. Kangaroo, TURTLE, Noah's Ark, Paratrooper, and the Whip are making me really excited for this park too! Link to comment Share on other sites More sharing options...
djcoastermark Posted March 27, 2016 Share Posted March 27, 2016 good choice. Great flats, and good coasters all around, plus a few good food choices too. If you're heading to CP after, you might think about a small detour for a quick and very cheap stop at Conneaut. Link to comment Share on other sites More sharing options...
jconsolmagno Posted March 27, 2016 Share Posted March 27, 2016 Sadly, my parents said only those two. The only things I'm mad about missing at Waldameer is Ravine Flyer 2, the Spider, and the Whacky Shack. So again I said Kennywood. Kennywood has a Paratrooper. I seriously can't wait for Jack Rabbit and Thunderbolt, as even though they're old, they seem to have their intense moments. DOUBLE DIP Phantoms Revenge looks intense too. Kangaroo, TURTLE, Noah's Ark, Paratrooper, and the Whip are making me really excited for this park too! Front seat on Phantom's is amazing. I live about 20 minutes away from the park and go every year. Would highly recommend the front seat on that, although I'm sure you'll get more airtime in the back. Link to comment Share on other sites More sharing options...
PennStater Posted March 27, 2016 Share Posted March 27, 2016 ^^ Just an FYI... not sure when your trip is planned for, but since you mentioned Noah's Ark I wanted to point out that it likely won't be open until late May. It's currently undergoing quite a substantial refurb with the return of the whale's mouth entrance and the classic feel of the attraction. I may be slightly biased, but definitely don't miss Phantom's Revenge... Try not only the back seat of Thunderbolt, but also a seat in the front car... you'll know why after you ride it. Back seat of Jack Rabbit is mandatory and basically a given. Depending on the team member doing the counting, they may or may not be okay with you waiting if you don't manage to get the back... definitely try if you can! If there are people in front of you, chances are they'll go to the front anyways. By the way, our Kennywood fan site posted our 2016 off-season photos recently if anyone is interested. There are some Ark exterior pics in the album, and we'll be posting interior pics as soon as we get permission from the park. There are some very cool changes happening inside that we can't wait to share!! Link to comment Share on other sites More sharing options...
CanobieFan Posted March 27, 2016 Share Posted March 27, 2016 Would they be in limited operation third week of August? Link to comment Share on other sites More sharing options...
bert425 Posted March 27, 2016 Share Posted March 27, 2016 Sadly, my parents said only those two. The only things I'm mad about missing at Waldameer is Ravine Flyer 2, the Spider, and the Whacky Shack. So again I said Kennywood. Kennywood has a Paratrooper. I seriously can't wait for Jack Rabbit and Thunderbolt, as even though they're old, they seem to have their intense moments. DOUBLE DIP Phantoms Revenge looks intense too. Kangaroo, TURTLE, Noah's Ark, Paratrooper, and the Whip are making me really excited for this park too! DO NOT miss Bayern Kurve. . . the one at Kennywood is amazing! and Black Widdow is hella fun. Link to comment Share on other sites More sharing options...
CanobieFan Posted March 27, 2016 Share Posted March 27, 2016 I forgot about that ride!! Thank you!! I'm scared I'll go third week (August 16) and that the whip and the ark will be closed for fright night prep. Link to comment Share on other sites More sharing options...
Myself Posted March 28, 2016 Share Posted March 28, 2016 Generally, nothing closes for PFN prep until Labor Day, so you should be safe on both fronts there. Link to comment Share on other sites More sharing options...
I Like Theme Parks. Posted March 28, 2016 Share Posted March 28, 2016 Sadly, my parents said only those two. The only things I'm mad about missing at Waldameer is Ravine Flyer 2, the Spider, and the Whacky Shack. So again I said Kennywood. Kennywood has a Paratrooper. I seriously can't wait for Jack Rabbit and Thunderbolt, as even though they're old, they seem to have their intense moments. DOUBLE DIP Phantoms Revenge looks intense too. Kangaroo, TURTLE, Noah's Ark, Paratrooper, and the Whip are making me really excited for this park too! Thunderbolt has some of the most ridiculously insane laterals you will ever experience! It is a very unique coaster. Also, The Racer isn't that intense, but it is still a lot of fun. Link to comment Share on other sites More sharing options...
coneyislandchris Posted May 18, 2016 Share Posted May 18, 2016 ^^ Just an FYI... not sure when your trip is planned for, but since you mentioned Noah's Ark I wanted to point out that it likely won't be open until late May. It's currently undergoing quite a substantial refurb with the return of the whale's mouth entrance and the classic feel of the attraction. This was open as of this past Saturday. Link to comment Share on other sites More sharing options...
PennStater Posted May 18, 2016 Share Posted May 18, 2016 Yes! They actually had it ready ahead of schedule and open first thing on opening day! I must say... I think they did a fantastic job with the refurb and it's definitely a must-do for anyone visiting the park. Link to comment Share on other sites More sharing options...
thepoint4life23 Posted May 20, 2016 Share Posted May 20, 2016 My buddy want last weekend and told me that nothing was open right at 1030. most things didn't start till about 11 is that normal for the park? Link to comment Share on other sites More sharing options...
coasterfanryan Posted May 20, 2016 Share Posted May 20, 2016 My buddy want last weekend and told me that nothing was open right at 1030. most things didn't start till about 11 is that normal for the park? That's normal. The gates open at 10:30 and rides do at 11. Link to comment Share on other sites More sharing options...
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