The Looping Group (“Looping”) is delighted to announce the acquisition of Aquapark Istralandia, the largest aquatic park in Croatia and one of the leading water parks in Southern Europe.
Aquapark Istralandia attracts over 180,000 visitors each year with 6 pools and 17 water slides over 82,000m2. Located by the Adriatic Sea in the Istria region of Croatia, one of the top European touristic destinations, the park becomes one of Looping’s flagships aquatic parks.
The Kovačić family, who has built, developed, and operated Aquapark Istralandia since it first opened to the public in 2014, will remain a key part of the management structure under the new ownership, with Paolo and Mauro Kovačić retaining their roles as Managing Directors.
Aquapark Istralandia is the seventeenth attraction and first park in Croatia for the Looping Group and with this acquisition, Looping expects to attract over 5.7 million visitors per year.
Looping is thrilled to welcome Aquapark Istralandia and its teams to the platform. The acquisition of Croatia’s largest aquatic park 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.
Looping plans to continue the story and support Aquapark Istralandia’s development with the same entrepreneurial DNA and values that Looping shares whilst keeping the strong local anchorage of the park.
Laurent Bruloy, CEO and co-founder of the Looping Group, comments:
“I would like to congratulate the Kovačić family who has been developing the park and made it one of the most beautiful examples of the aquatic park industry in Southern Europe. We are deeply respectful about all that has been achieved by the teams.”
“I would also like to thank Mubadala Capital and Bpifrance, as well as our debt providers, Hayfin and BOI, for their support and the trust they have demonstrated in recent years.”
Stéphane Da Cunha, Managing Director and co-founder of the Looping Group, adds:
“We are delighted to bring on board a talented management team which, will enable this aquatic park to become an increasingly attractive family destination and a new flagship site within Looping in South Europe”.
Antoun Ghanem, Director at Mubadala Capital Private Equity team, said:
“Mubadala Capital has been investing in out of home entertainment for over 10 years and is pleased to have the Kovačić family join the Looping platform with its landmark attraction, Aquapark Istralandia. We have always been big believers in the value of family-oriented outdoor experiences, and our team at Looping, Laurent Bruloy and Stéphane Da Cunha, have demonstrated an ability to identify, acquire and optimize high quality properties that captivate the attention of the communities around them through perennial interest and loyalty. Aquapark Istralandia is a perfect example of this and we are proud to be their partner”
Benoist de Saint Lager, Investment Director at Bpifrance, added:
“We welcome this key milestone in Looping’s consolidation strategy, pushing further the boundaries of the group’s footprint in Europe and ideally complementing its portfolio with a quality and promising asset”
About Aquapark Istralandia
Aquapark Istralandia attracts over 180 thousand visitors each year with 6 pools and 17 water slides over 82,000m2. Located by the Adriatic Sea in the Istria region, Aquapark Istralandia is the largest aquatic park of Croatia and one of the leading water parks in Southern Europe. For more information on Aquapark Istralandia, please visit www.istralandia.hr/en
and view the following video: Aquapark Istralandia
Created in 2011, Looping is a leading operator of regional amusement parks in Europe. The group consists of 17 parks located in France, Switzerland, Netherlands, UK, Spain, Portugal, Germany, and now Croatia. Proforma of the acquisition of Aquapark Istralandia, Looping will count around 5.7 million visitors per annum for a turnover in excess of €170 million.
For more information on Looping, please visit www.looping-group.com
Corporate Development Contact:
Alexis de Chevron Villette
+33 6 33 85 35 51
About Mubadala Capital
Mubadala Capital is the asset management subsidiary of Mubadala Investment Company, a leading global sovereign investor headquartered in Abu Dhabi. In addition to managing its own balance sheet investments, Mubadala Capital manages over $10 billion in third-party capital vehicles on behalf of institutional investors in four of its businesses, including three private equity funds, two early-stage venture funds, a public fund and two funds in Brazil focused on special situations.
+971 50 276 9286
About Bpifrance Investissement
Bpifrance Investissement is the management company that handles Bpifrance's equity investments. Bpifrance is the French national investment bank: it finances businesses – at every stage of their development – through loans, guarantees, equity investments and export insurances. Bpifrance also provides extra financial services (training, consultancy) to help entrepreneurs meet their challenges (innovation, export…). For more information, please visit: www.bpifrance.com Follow us on Twitter: @Bpifrance - @BpifrancePresse
+33 1 41 79 95 26