Located in Poreč, Istria, one of the top touristic European destinations, Aquacolors welcomes 170 thousand visitors per year and becomes one of Looping’s flagships aquatic parks.
The Studénka family has built, developed, and operated Aquacolors since it first opened to the public in 2015, will be fully exiting the business, while Mira Radisic, current park director, will remain and continue managing Aquacolors.
Aquacolors is Looping’s 18th park and the group’s second water park in Croatia following the acquisition of Istralandia in March 2022. This acquisition enables Looping to build a strong Croatian platform with Aquacolors and Istralandia jointly representing more than 350 thousand visitors per year through two complementary product positionings.
Additionally, the acquisition diversifies Looping’s geographical footprint to the South of Europe and strengthens its portfolio of outdoor aquatic parks, in-line with the group’s strategy. With the integration of Aquacolors, Looping expects to attract over 6.2 million visitors in 2023.
Special thanks to our partner - Marko Maurović, CFA, from our partner company Audax Partners, to Mr. João Pedro Rodrigues dos Santos from CFI Portugal & Mr. Tõnis Kons from Keystone, to Mr. Ronald Korotaj, Ms. Tena Lovrić and Mr. Simon Radovčić from Odvjetnički ured Korotaj Law Office Korotaj, to legal teams from Divjak Topić Bahtijarević & Krka Law Firm, De Pardieu Brocas Maffei, financial & tax advisors team from Mazars.
Finally, we would like to thank our clients - the Looping team, Mr. Laurent Bruloy, Mr. MARCAIS Régis and Mr. Alexis de Chevron Villette for their confidence in us, and on the side of the sellers – the Studenka family and their legal adviser Mr. Boris Bulj.
Size of the transaction: Not disclosed
Date of announcement: 15 May 2023
About Vestibule Partners LLC
Vestibule Partners is an independent M&A / Corporate Finance Company based in Zagreb, Croatia and is specialized in M&A, Divestitures and Strategic Alliances in CE and SE Europe. Vestibule Partners LLC is a member of the Pandion Partners Advisory Group.
About Pandion Partners
The Pandion Partners Advisory Group consists of independent companies dedicated to M&A, Corporate Finance and Strategy & Business Advisory Services.
About Audax Partners LLC
Independent M&A and Corporate Finance Company from Zagreb, Croatia.
Created in 2011, Looping is a leading operator of regional amusement parks in Europe. The group consists of 18 parks located in France, Switzerland, Netherlands, UK, Spain, Portugal, Germany and Croatia.