MBK Partners to acquire ocean parks from HK-listed Haichang for $1b

MBK Partners to acquire ocean parks from HK-listed Haichang for $1b

North Asia-focused private equity firm MBK Partners has agreed to acquire five ocean theme parks in China from Hong Kong-listed hospitality group Haichang Ocean Park for a total of 6.53 billion yuan ($1 billion) as the Chinese seller seeks to reduce virus-induced mounting debt pressure.