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General News

Apr. 5, 2017

Paul Hastings, Simpson Thacher help sell stake in SeaWorld to Chinese investor in $448M deal

Paul Hastings LLP advised Zhonghong Zhuoye Group Co. Ltd., a diversified holding company in Beijing, in its $448 million acquisition of an equity stake in SeaWorld Entertainment Inc. from certain funds affiliated with The Blackstone Group LP.

Paul Hastings LLP advised Zhonghong Zhuoye Group Co. Ltd., a diversified holding company in Beijing, in its $448 million acquisition of an equity stake in SeaWorld Entertainment Inc. from certain funds affiliated with The Blackstone Group LP.

The deal was announced March 24.

Simpson Thacher & Bartlett LLP advised Blackstone, a New York-based private equity, alternative asset management and financial services firm.

Zhonghong, which focuses on the leisure, tourism, and cultur...

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