09/04/2019 | Press release | Distributed by Public on 09/04/2019 05:03
WASHINGTON & LIMA, PERU - Global investment firm The Carlyle Group (NASDAQ: CG) announced today that it has acquired 100 percent of Atracciones Coney Island SAC and its subsidiaries, Divertrónica Medellín SAS and Yukids SpA, from Grupo El Comercio and founders Rolando Giha, the Hoyos Family and Matias Allendes. Financial terms of the transaction were not disclosed.
Atracciones Coney Island is one of the largest companies specializing in family-friendly indoor entertainment parks in Latin America. Through Atracciones Coney Island in Peru, Divertrónica Medellín in Colombia and Yukids in Chile, the company operates more than 130 family entertainment centers in the three countries. It hosts more than six million visitors per year under the Coney Park, Coney Active, Happy City and Yukids brands, offering a wide variety of entertainment formats and attractions to its customers.
Eduardo Ramos, Managing Director and Head of the Carlyle Peru Fund, said, 'We are grateful to Rolando Giha, the Hoyos Family, Matias Allendes and Grupo El Comercio, who together have built a tremendous company over the past 30 years with an attractive customer value proposition, strong brand recognition and an outstanding management team. We look forward to supporting the company in its next phase of growth, in particular as we continue partnering with shopping mall operators across the region.'
Sebastian Barriga, Principal of the Carlyle Peru Fund, said, 'We are enthusiastic about the prospects for the family entertainment center business model and look forward to working with the management team to expand entertainment alternatives to families in the region.'
Equity for the investment came from the Carlyle Peru Fund (CPF), a USD$308 million fund that invests across Peru, Chile and Colombia. The Fund has invested in Hermes, Liderman, Inca Rail, and Expertia (controller of Nuevo Mundo and Condor Travel) in Peru, as well as G&N Brands in Chile.
Payet, Rey, Cauvi, Pérez Abogados and Scotiabank advised Carlyle on the transaction.
LXG Capital and Estudio Rebaza, Alcazar & De Las Casas advised the selling shareholders.
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