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This is just half the news, because the other half is about going private — back to a similar position Merlin was in prior to The structure of the business as it looks today is illustrated below. Today, Merlin also owns or operates scores of non-LEGO theme parks and attractions, from Madame Tussauds wax museums and a variety of aquariums around the world to the iconic London Eye and Warwick Castle.

In short, a smart business person will never put all their eggs in one basket. The investment company has stakes in a wider range of other businesses, one of which is sustainability. Berkeley Bidco is the new company that intends to take over Merlin Entertainments. But who exactly are they? The company Berkeley Bidco Limited was incorporated on 30th May to formalise the soon-to-be-public announcement about privatisation.

The answer is simple: To grow money. State-owned funds typically fund long-term investments and looking for returns just like any investor would want.

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You can imagine that state funds are huge. What about Blackstone? Blackstone is an American private equity firm. Private equity firms basically exist to buy companies and fix them to be more profitable and then sell them years later for financial gains to keep their shareholders rich happy. Private equity firms have several investment strategies in mind when they enter into an arrangement such as this, but the primary goal is always making money.