Madame Tussauds owner Merlin to be bought by Lego family and Blackstone

Britain’s Merlin Entertainments is the owner of popular tourist attractions Madame Tussauds and the London Eye. (AFP)
Updated 28 June 2019
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Madame Tussauds owner Merlin to be bought by Lego family and Blackstone

Madame Tussauds owner Merlin said on Friday it had agreed to be acquired by the investment vehicle of Lego’s founding family and private equity firm Blackstone Group LP in a deal valuing the company and its debt at nearly $7.6 billion (£6 billion).

The deal to buy Merlin Entertainments, which also operates Legoland theme parks around the world, values Merlin shares at 455 pence each, giving the firm an enterprise value of £5.905 billion.

The move will be one of the biggest private equity deals in Europe in recent years, and comes as buyout firms are flush with record amounts of cash to invest.

Merlin will be 50 percent owned by Kirkbi, the private investment company of Lego’s Kirk Kristiansen family, and 50 percent owned by Blackstone and Canadian pension fund CPPIB.

“Following an unsolicited approach by a consortium of investors, and after rejecting a number of their proposals, the Merlin Independent Directors believe this offer represents an opportunity for Merlin shareholders to realize value for their investment in cash at an attractive valuation,” Merlin Chairman John Sunderland said in a statement.

“We are therefore unanimously recommending it to our shareholders.”

The deal is expected to complete in the fourth quarter of 2019.

The deal comes after activist investor ValueAct Capital last month urged Merlin, which also operates Legoland and the Alton Towers theme park in Britain, to take itself private.

In an open letter, ValueAct said at the time that the level of investment needed in the company meant it would be better off returning to private ownership.

A source familiar with the matter said that the initial, unsolicited offer from the consortium valued the firm at 425 pence, and discussions about a takeover predated the ValueAct letter.


These shy, scaly anteaters are the most trafficked mammals in the world

Updated 21 February 2026
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These shy, scaly anteaters are the most trafficked mammals in the world

CAPE TOWN, South Africa: They are hunted for their unique scales, and the demand makes them the most trafficked mammal in the world.
Wildlife conservationists are again raising the plight of pangolins, the shy, scaly anteaters found in parts of Africa and Asia, on World Pangolin Day on Saturday.
Pangolins or pangolin products outstrip any other mammal when it comes to wildlife smuggling, with more than half a million pangolins seized in anti-trafficking operations between 2016 and 2024, according to a report last year by CITES, the global authority on the trading of endangered plant and animal species.
The World Wildlife Fund estimates that over a million pangolins were taken from the wild over the last decade, including those that were never intercepted.
Pangolins meat is a delicacy in places, but the driving force behind the illegal trade is their scales, which are made of keratin, the protein also found in human hair and fingernails. The scales are in high demand in China and other parts of Asia due to the unproven belief that they cure a range of ailments when made into traditional medicine.
There are eight pangolin species, four in Africa and four in Asia. All of them face a high, very high or extremely high risk of extinction.
While they’re sometimes known as scaly anteaters, pangolins are not related in any way to anteaters or armadillos.
They are unique in that they are the only mammals covered completely in keratin scales, which overlap and have sharp edges. They are the perfect defense mechanism, allowing a pangolin to roll up into an armored ball that even lions struggle to get to grip with, leaving the nocturnal ant and termite eaters with few natural predators.
But they have no real defense against human hunters. And in conservation terms, they don’t resonate in the way that elephants, rhinos or tigers do despite their fascinating intricacies — like their sticky insect-nabbing tongues being almost as long as their bodies.
While some reports indicate a downward trend in pangolin trafficking since the COVID-19 pandemic, they are still being poached at an alarming rate across parts of Africa, according to conservationists.
Nigeria is one of the global hot spots. There, Dr. Mark Ofua, a wildlife veterinarian and the West Africa representative for the Wild Africa conservation group, has rescued pangolins for more than a decade, which started with him scouring bushmeat markets for animals he could buy and save. He runs an animal rescue center and a pangolin orphanage in Lagos.
His mission is to raise awareness of pangolins in Nigeria through a wildlife show for kids and a tactic of convincing entertainers, musicians and other celebrities with millions of social media followers to be involved in conservation campaigns — or just be seen with a pangolin.
Nigeria is home to three of the four African pangolin species, but they are not well known among the country’s 240 million people.
Ofua’s drive for pangolin publicity stems from an encounter with a group of well-dressed young men while he was once transporting pangolins he had rescued in a cage. The men pointed at them and asked him what they were, Ofua said.
“Oh, those are baby dragons,” he joked. But it got him thinking.
“There is a dark side to that admission,” Ofua said. “If people do not even know what a pangolin looks like, how do you protect them?”