Baker McKenzie advises on purchase of Austria’s largest leisure park

New owner for Austria’s largest leisure park: The French Compagnie des Alpes (CDA) takes over all shares in M. Müller GesmbH (operating Familypark) from the current shareholders.

The Familypark in Burgenland was founded in 1968 by Erwin Müller as “Märchenwald” near famous Neusiedler See. Since 1984, his son Mario Müller has provided continuous development to Austria’s largest leisure and family park. Today, the “Familypark” offers around 80 attractions on 145,000 m² and attracts over 700,000 visitors every year.

With around 5000 employees and a turnover of over 800 million euros, Compagnie des Alpes is the fourth largest leisure parks and indoor leisure operator in Europe. Its parks in France, Belgium, Switzerland, the Netherlands and Canada receive around 9 million visitors annually. CDA is listed on the Paris Stock Exchange.

With the sale to Compagnie des Alpes, the Müller family has found a successor solution that ensures the permanent operation and potential expansion of the amusement park. The acquisition agreement was signed on March 20 and closed on the same day. The enterprise value amounts to 72.5 million Euro.

CDA was advised by the international law firm Baker McKenzie. The takeover of a family owned company by a foreign listed company required efficient and pragmatic legal advice to succeed, and it was important to all stakeholders involved that the change of ownership takes place before the start of the season on March 30.

The development of future-proof succession solutions for owner-managed businesses has increasingly become a hallmark of Baker McKenzie. Baker McKenzie has inter alia advised the Linauer and Wagner families in connection with the sale of its participation in Linauer & Wagner "Backstuben" BackwarenproduktionsgmbH to Ankerbrot and SIKA in connection with the acquisition of all shares in Bitbau Dörr.

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