London-based private equity firm Epiris is reportedly among the bidders preparing offers for some of Merlin Entertainments‘ Sea Life aquariums.
Sky News reports that Epiris, the private equity backer of Bonhams auction company, is among a number of parties putting together offers for Merlin’s Sea Life attractions in the coming weeks.
The auction process remains at an early stage, with bids in the first round yet to be submitted, according to the publication.
Earlier this year, Sky News reported that Merlin had appointed investment bank Rothschild to explore a sale of some of its aquatic attractions as the operator focuses on expanding and enhancing its larger destinations.
A Merlin spokesperson told the publication in February: “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.”
Sea Life auction process at an early stage
Merlin owns more than 40 aquariums across the world, with sites in the UK, Europe, the US, Asia, and Australia and New Zealand.
Its Sea Life venues in London, Birmingham and Manchester (all UK) are not for sale. Other UK locations could be sold depending on interest from bidders.
The potential sales would only affect Merlin’s aquariums division, not other destinations like Legoland parks and resort theme parks such as Alton Towers and Gardaland.
Merlin’s newest Sea Life aquarium is opening on 6 June at Legoland Florida in Winter Haven.
It features 25 interactive exhibits, unique theming such as coral castles and hotel-style spaces, and more than 3,000 animals representing 150 different species from Florida’s coastal waters and around the world.
Images courtesy of Merlin
