Skip to content
Subscriber Only

U.S. Activist Pushes Legoland Operator Merlin to Go Private

  • Private equity may be interested in the company, ValueAct says
  • Number of public-to-private deals has grown in the last decade
Updated on

A U.S. activist investor wants to push Britain’s biggest theme park owner off the stock market, saying it would be worth more in private hands.

Shareholders in Legoland and Alton Towers operator Merlin Entertainments Plc have had a rocky ride since the Danish family that owns the Lego toy brand listed the company in 2013. Terrorist attacks and Brexit have clouded prospects for a business that relies on steady growth in visitor numbers to turn a profit on heavy investments.