Investindustrial’s acquisition of PortAventura was opportunistic
created during the boom. All three Spanish assets traded in the last year fi t this trend.
IN OTHER NEWS
Lo-Q has acquired accesso, a leading ticketing and e-commerce group in the US which supplies ticketing for a range of visitor attractions. At £13.7m (€15.8m, US$21m), the acquisition will provide Lo-Q with access to new customers (both ways) as well as enabling them to combine and develop the two companies’ existing technologies. Best Union Company SPA , another company that has been acquisitive in recent years, spent 2012 focussed on “streamlin- ing its corporate structure and consolidating its equity investments”, in particular fully integrating the Omniticket business. An interesting acquisition occurred in July 2012 when Sansei Yusoki acquired the
www.attractionshandbook.com
ride manufacturer S&S Worldwide (based in Utah, USA). Sansei is a medium-sized [c. £100m (€115.6m, US$153m) turnover] engineering business which already had a ride manufacturing division. This is a similar type of strategic acquisition to Lo-Q acquir- ing accesso – providing a global distribution network as well as an increased range or product to take to the wider market. Far Eastern investment capital is set to
increasingly play a role in the European and US markets, from China, Japan and South Korea. In many of the disposal processes we are running, there are now interested parties from the Far East.
CONCLUSION With the US having returned to economic growth and the European economies slowly beginning to follow, there is reason to hope
that the underlying performance of attrac- tions will continue to improve over the rest of the season and into next year. One of the key bellwethers for investors will be the proposed fl oatation of Merlin, which looks to be gathering momentum once more. All in all it does look like a good time to
be invested or investing into the attractions sector, which bodes well for those working
Nigel Bland – the partner leading the destination sector at Deloitte – focuses on providing corporate fi nance advice to owners and investors in the leisure sector, in particular assisting in the disposal of companies in the sector.
nbland@deloitte.co.uk www.deloitte.com
Attractions Handbook 2013–2014 71
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