NEWS: Merlin considering selling portfolio of Sea Life aquariums

[jedimaster1227]

Merlin Entertainments had previously announced that they were considering selling off their portfolio of Sea Life aquariums around the world and bids are being prepared by at least one company... Merlin has advised that they do not intend to sell their major locations attached to their parks/resorts or their London location. 

https://news.sky.com/story/bonhams-owner-epiris-eyes-plunge-into-merlin-aquariums-13372586

The private equity backer of businesses including Bonhams, the auctioneer, and Amber Taverns is plotting a bid for a portfolio of aquariums earmarked for disposal by the world's biggest theme park operator.

Sky News has learnt that Epiris is among a number of parties preparing to table offers for a number of Sea Life sites in the coming weeks.

The auction process - initially reported by Sky News earlier this year - remains at an early stage, with first-round bids yet to be submitted. The aquariums have been put up for sale by Merlin Entertainments, which wants to prioritise investment in its biggest international sites - including in London. The London attraction is not part of the auction.

Merlin is jointly owned by the private equity giant Blackstone and the investment vehicle of the family behind the Lego dynasty, and counts Alton Towers, Legoland and Madame Tussauds among its British venues. The group owns more than 40 aquariums globally, many of which trade under the Sea Life brand. In the UK, there are 11 such attractions, including in London, Birmingham and Manchester - which are not for sale - and Blackpool, Brighton, Great Yarmouth, Loch Lomond, Scarborough and Weymouth.

The potential disposals only relate to Merlin's aquariums division and do not encompass any other area of its operations.

Epiris declined to comment on its interest.

A Merlin spokesperson said earlier this year: "Like any well-run business, Merlin regularly reviews its estate, to ensure it reflects the company's long-term growth strategy. "We continue to invest in our attractions globally - opening 24 new rides, attractions and experiences in 2024.