M&A Deal Summary

The Blackstone Group and BV Investment Partners Acquire Six Flags

On December 1, 1991, private equity firms The Blackstone Group and BV Investment Partners acquired leisure company Six Flags for 760M USD

Acquisition Highlights
  • This is The Blackstone Group’s 1st and BV Investment Partners’ 1st transaction in the Leisure sector.
  • This is The Blackstone Group’s 103rd and BV Investment Partners’ largest (disclosed) transaction.
  • This is The Blackstone Group’s 7th and BV Investment Partners’ 1st transaction in the United States.
  • This is The Blackstone Group’s 2nd and BV Investment Partners’ 1st transaction in Texas.
Investment Fate
  • Six Flags was sold to a financial buyer in 2015.

M&A Deal Summary

Date 1991-12-01
Target Six Flags
Sector Leisure
Buyer(s) The Blackstone Group
BV Investment Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 760M USD

Target

Six Flags

Arlington, Texas, United States
website
Six Flags is a regional theme park operator, with 19 parks in the United States, Canada, and Mexico. Six Flags provides families and thrill seekers with a wide variety of entertainment options, including special events and access to over 800 rides throughout North America. Six Flags was founded in 1961 and is based in Arlington, Texas.

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Buyer(S) 2

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 7 of 319
Sector (Leisure) 1 of 16
Type (Buyout (LBO, MBO, MBI)) 2 of 74
State (Texas) 2 of 32
Country (United States) 7 of 201
Year (1991) 2 of 2
Size (of disclosed) 103 of 167
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1991-10-01 Great Lakes Dredge & Dock

Houston, Texas, United States

Great Lakes Dredge & Dock is a provider of dredging services in the United States. GLDD's principal dredging activities include capital projects (port deepening and land reclamation), beach nourishment and shipping channel maintenance. GLDD is also a provider of demolition services primarily in the northeast United States. Great Lakes Dredge & Dock was founded in 1890 and is based in Houston, Texas.

Buy $177M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1993-01-01 Grupo Iusacell

Chapultepec Delegación Miguel, Mexico

Grupo Iusacell provided telecommunication services in Mexico.

Buy $132M
Buyer

BV Investment Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1983
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BV Investment Partners is a private equity firm partner with entrepreneurs and families to invest in sound businesses and provide them with significant strategic, operating, and analytical assistance to accelerate the growth of the company through organic initiatives and acquisitions. BV was formed in 1983 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 58
Sector (Leisure) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 18
State (Texas) 1 of 7
Country (United States) 1 of 55
Year (1991) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 PartMiner WorldWide

Centennial, Colorado, United States

PartMiner is a leading global supplier of electronic components. It is also a cutting edge online provider of component information needed by engineers and purchasers in the electronic industry. Currently thousands of users at companies such as Hewlett-Packard, Motorola, and Toshiba research and source electronics components from PartMiner. PartMiner is headquartered in Melville, NY with offices in Europe and Asia. Generation continues to hold the investment.

Buy -