The Blackstone Group (NYSE: BX), a private equity group which already has a big footprint in the travel sector, is forking out $2.7 billion to buy Anheuser-Busch InBev’s 10 theme parks – including the three Seaworld parks, two Busch Garden parks and five others.
Blackstone Capital Partners - one of Blackstone’s buyout funds, is paying $2.3 billion in cash to buy Busch Entertainment, out of which $1 billion is equity invested by Blackstone and the rest comes from lenders including Bank of America, Deutsche Bank, Goldman Sachs and Barclays.
Read the full story at: http://connect.phocuswright.com/2009/10/blackstone-consolidates-theme-park-holdings-with-ab-inbev-deal/