Parques Renidos continues expansion with Kennywood purchase

Candover-backed Parques Reunidos has continued its ongoing international expansion story with the acquisition of US amusement park chain Kennywood Entertainment, which includes five leisure parks in the North East of the US.

Parques now owns 67 entertainment parks across various locations in Europe, South America and Latin America.

The company, which generated turnover of €515m in 2007, is looking to attract over 26 million visitors to its sites in 2008.

Candover acquired Parques Reunidos from Advent for around €1bn in January 2007.