IMAP India advised Imagicaaworld Entertainment Limited (IEL) on the acquisition of four major park assets from Giriraj Enterprises, enabling IEL to consolidate its leisure and entertainment portfolio under a single platform. This transformative transaction strengthens IEL’s market leadership and sets the stage for accelerated long-term growth.
Imagicaaworld Entertainment Limited (IEL) is one of India’s premier entertainment companies, operating large-scale theme and water parks that cater to families and leisure-seekers across the country. With its flagship theme park near Mumbai and a legacy of immersive experiences, IEL has built a strong brand in the Indian leisure and hospitality sector.
To deepen its presence and drive financial and operational synergies, IEL acquired Wet N Joy Water Park and Wet N Joy Amusement Park in Lonavala, as well as Sai Teerth Theme Park and Wet N Joy Water Park in Shirdi, from Giriraj Enterprises. The acquisition was valued at ₹630 crore on a debt-free and cash-free basis, with the consideration payable over a 30-month period.
In June 2022, IMAP India had advised on a comprehensive recapitalization of IEL, which included a strategic equity infusion by the Malpani Group.
With this consolidation, IEL expands its geographic footprint across key tourist corridors in Maharashtra, broadens its portfolio of attractions, and strengthens its income base significantly.
The transaction allows IEL to create an integrated multi-location park platform, unlock scale benefits, and enhance operational efficiency. IEL is now well-positioned to lead the next phase of growth in India’s theme and water park industry.
