Vintage Private Equity Deals: Merlin Entertainment – Learnings from one of Blackstone’s Most Successful Investments

Download PDF Introduction In 2005, Blackstone’s [NYSE: BX] private equity fund made a, for its size, relatively modest investment of £102m to acquire Merlin Entertainment, a theme parks company, from the private equity fund Hermes Equity Partners. This was the first step in its strategy of rolling up the attractions Read more…

Toshiba Takeover

Download PDF Introduction After years marked by scandals, accounting malpractices, poor strategic decisions, and an overall faulty corporate governance, Toshiba seems to have found a buyer. On March 23, 2023, the Board of Directors approved a $15bn offer from a consortium of 17 domestic companies and 6 financial institutions, led Read more…