The financial investment arm of Mubadala Investment Company recently announced that it intends to acquire a significant stake in Looping Group, owners of Pleaurewood Hills and a number of other amusement parks across Europe.
The transaction will enable the Group CEO, Laurent Bruloy and General Manager Stéphane Da Cunha to jointly control Looping alongside Mubadala Capital.
Laurent Bruloy, President and Founder of the Looping Group, said: “We would be delighted to partner with Mubadala to further implement our pan-European growth strategy and are convinced that their support will allow us to further accelerate our development."
Adib Mattar, Head of Private Equity at Mubadala Capital, said: "Mubadala Capital is pleased to announce its prospective acquisition of a significant stake in Looping Group, alongside Laurent Bruloy and Stéphane Da Cunha. This investment is in line with our strategy of partnering with strong, founder-led businesses with high growth potential.”
Representatives from Pleasurewood Hills were unable to comment on this news, but a press release from the park is expected in due course.
The full press release from the Looping Group can be found here: https://www.looping-group.com/sites/default/files/wysiwyg/looping_-_pr_final.pdf