When the Legoland theme parks came up for sale, Hermes did not want to invest more capital and sold Merlin to Blackstone Group, which arranged to buy control of Legoland and then merged it with Merlin.
Hermes did not want to invest more capital. Hermes sold Merlin to Blackstone Group. The Legoland theme parks came up for sale. Blackstone Group arranged to buy control of Legoland. Blackstone Group then merged it with Merlin.