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Palace Entertainment

Palace Entertainment was one of the largest operators of water parks and family entertainment centers in the United States.

MidOcean Partners enhanced the management team at Palace Entertainment to position the company for significant growth. Under MidOcean’s ownership, Palace Entertainment implemented a new POS system, expanded its food and beverage offerings, and pursued corporate sponsorships. MidOcean Partners helped Palace management to implement best practices across each of its parks, consolidate its vendors and develop a mid-range reinvestment plan that identified significant organic growth opportunities. The operating improvements at Palace increased EBITDA and resulted in significant multiple expansion. MidOcean sold Palace to a strategic investor in 2007.

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www.palaceentertainment.com

Investment Date: April 2006
Sector: Consumer
Status: Realized

Related News & Media

August 24, 2007
MidOcean Partners Announces Sale Of Palace Entertainment To Parques Reunidos

April 12, 2006
MidOcean Partners Completes the Acquisition of Palace Entertainment

February 27, 2006
MidOcean Partners to Acquire Palace Entertainment Platform in Place to Expand in the Leisure and Entertainment Sector

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Established in 2003, MidOcean Partners is a premier New York-based alternative asset manager that specializes in middle market private equity and alternative credit investments. Since inception, the focus of MidOcean Private Equity has been on high-quality middle market companies with attractive strategic, operational and financial growth opportunities in the consumer and business services sectors. Established in 2009, MidOcean Credit currently manages over $7.5 billion across a series of alternative credit strategies, collateralized loan obligations (“CLOs”), and customized separately managed accounts as of December 31, 2020.

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