PE-Backed Spanish Firm Lands Largest US Water Park

Law360, New York (March 5, 2012, 1:21 PM EST) -- Spanish theme park operator Parques Reunidos, a portfolio company of European buyout firm Arle Capital Partners Ltd., has purchased a 3,000-square-foot water park in Wisconsin, bringing the company's park portfolio to 71, Arle announced Monday.

Parques Reunidos made the purchase through its U.S. subsidiary Palace Entertainment. The water park, known as Noah's Ark, is in the U.S. “water park capital” of the Wisconsin Dells. It includes 51 water rides, two wave pools, two lazy rivers and two hotels with more than 300 rooms, and has been...
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