The Spanish park Isla Magica is the latest attraction to be added to the portfolio of the Looping Group. The French operator has agreed invest €5 million ($6.m) after acquiring 30 million shares in the park from La Caxia bank.
Located in the Andalucian city of Seville, Isla Magica opened in 1997 on the site of the city’s Expo ’92, several buildings from which were incorporated into the park together with new attractions including a Vekoma Suspended Looping Coaster, C&S Mine Train, Maurer Soehne tower ride and various water rides. Subsequent additions included a Zamperla Disk’O, 4D theatre and the large pirate-themed dark ride El Tesoro del Capitan Balas. Capital investment has been somewhat muted in recent years, and the park posted a loss in both 2011 and 2012. A new multimedia show is planned for 2013 on its lake.
Formed in 2011 to take on a number of smaller parks no longer wanted by Compagnie des Alpes, the Looping Group is backed by the private equity firm HIG Capital. Its other attractions include Bagatelle, Cobac Parc, Parc Mini-Châteaux and the St Malo and Touraine aquariums in France, the Dutch park Hellendoorn, Aquaparc in Switzerland, and Pleasurewood Hills in the UK. islamagica.es looping-group.com