Blackstone Hops On Dual-Track Trend In Sea World Dealings

Law360, New York (January 4, 2013, 8:59 PM EST) -- Blackstone Group LP, which last month filed to take its Sea World theme parks public, is reportedly also pursuing a sale of the company, joining the wave of private equity firms that have sought an insurance policy as the initial public offering market remains choppy.

Citing two unnamed sources, Reuters reported Friday that Blackstone, which bought Sea World from Anheuser-Busch Inbev NV in 2009 for $2.7 billion, is pursuing a dual-track process — planning for an IPO while talking to potential buyers behind the scenes. The...
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