Costa Edutainment Expands with Acquapark Onda Blu Acquisition

Costa Edutainment, backed by Dea Capital Alternative Funds through the Flexible Capital fund, has acquired the entire share capital and voting rights of Christian, the operator of the Acquapark Onda Blu in Tortoreto, Teramo, from Pedicone Holding. The park spans 120,000 square meters, contributing significantly to local tourism with a wide range of services. This acquisition allows Costa Edutainment to expand its operations in Central Italy, bolstering its national leadership in managing parks and aquariums, especially in the water park sector, where it already benefits from extensive expertise through its management of Aquafan in Romagna and Le Caravelle in Liguria. The acquisition aligns with Costa Edutainment's broader growth strategy, following a substantial corporate and financial operation in March which featured a capital increase commitment of 20 million euros, supported by a financing package worth 105 million euros led by a syndicate of banks including Bpm. Giuseppe Costa, CEO of Costa Edutainment, emphasizes the strategic nature of the acquisition in continuing the company's long-term growth. Massimo Rulli, General Director of Pedicone Holding, noted the divestment as a strategic opportunity to focus on the group's industrial realities, a sentiment echoed by Giulio Pedicone, founder and president of Pedicone Holding.