the new group would be able to help the developments of Tussauds theme parks and attractions as well as increase the number of Madame Tussauds around the world. On 17 July 2007, Madame Tussauds was sold to private investor Nick Leslau and his investment firm Prestbury under a sale and leaseback agreement. It is said that the company would be using the money from the sale for investment purposes and to pay off some outstanding debts. Although the attraction sites are owned by Prestbury, they continue to be operated by Merlin based on a renewable 35-year lease. References External links Merlin Entertainments Madame Tussauds The London Eye Alton Towers Resort Heide Park Resort Thorpe Park Resort Chessington World of Adventures Resort Warwick Castle Entertainment companies of the United Kingdom Private equity portfolio companies The Blackstone Group companies Merlin Entertainments Group 2007 mergers and acquisitions