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Prudentia Capital to buy stake in troubled French zoo in €25M deal

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Prudentia Capital to buy stake in troubled French zoo in €25M deal

Prudentia Capital will acquire a stake in Metz-Amnéville zoological park in France for €25 million, Private Equity News reported, citing the Paris-headquartered private equity firm.

The Commercial Chamber of the Metz Regional Court has validated the deal after accepting the zoo's request to amend a recovery plan it formerly filed to the court, the report noted.

Under the transaction, founder Michel Louis will continue to own an 18% stake in the zoo, and all jobs will be retained.

The zoo has had financial problems and was threatened with compulsory liquidation amid an investigation that led to reports of dysfunctions and animal cruelty, according to the report.